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 [...]
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 [...]
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, [...]
SEOUL, May 16 (Korea Bizwire) – The average number of credit cards per person has fallen below four last year in Korea. The number is likely to decrease this year as debit cards are gaining popularity and people tend to avoid using credit cards even more due to a series of data security breaches. On [...]
SEOUL, Korea, April 3 (Korea Bizwire) – The idea of “rich” in Korea is in excess of 1 billion won (US$945,000) in assets, a survey said. Gallup Korea said this on April 2, based on a survey on 1,119 adults for four days between March 24 and 27. To a question “How much money do [...]