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Research Shows Family Background Linked to Educational Success

Research Shows Family Background Linked to Educational Success

SEOUL, Aug. 24 (Korea Bizwire) — The Korea Economic Research Institute held a seminar on August 23 regarding social mobility and education, where Professor Lee Joo Ho of the Korea Development Institute presented his findings on the correlation between children’s school grades and a family’s economic, social and cultural standing (ESCS). His research was based [...]

Research Shows that Money Doesn’t Make You Happy

Research Shows that Money Doesn’t Make You Happy

ASAN, Jan.12 (Korea Bizwire) – New research indicates that even if you have more money, satisfaction with life doesn’t increase. At a time when the economy is slumping, leading to resignations, unemployment, and tight household finances, many people think that money and happiness are not related. A recent report entitled ‘Relationship Between Local Income and [...]

“Loan Shark” or “Life Saver”? Pros and Cons of Private Money Lenders

“Loan Shark” or “Life Saver”? Pros and Cons of Private Money Lenders

SEOUL, Oct. 25 (Korea Bizwire) – A “loan shark” is a derogatory term referring to a person or body that offers loans at extremely high interest rates. Interest rates are so high that their lending practices are often being accused of exploiting a borrower’s financial troubles.  Cash loans to people in dire need of money, [...]