Seoul, July 8 (Korea Bizwire) — Research results say that Korea’s population will peak in 2030, reaching 52 million, and decrease afterwards. The current population of Korea in 2015 is 51 million. This means that the population will increase by one million over the next 15 years, and start to decline in the following years. [...]
SEOUL, Dec. 7 (Korea Bizwire) — More than 30 percent of households said they took on new debt within the past two years since 2012. This is mainly due to the Bank of Korea‘s benchmark interest rate cuts in two occasions this year and the government’s measures to relax the regulation on the loan-to-value ratio and [...]
SEOUL, Nov. 28 (Korea Bizwire) – Households with members in their 60s have been more hesitant to open their wallets this year than during the financial crisis period in South Korea. Their propensity to consume (the ratio of total consumption to total disposable income) in the third quarter this year was equivalent to 66.6 percent, [...]
SEOUL, Nov. 27 (Korea Bizwire) – Korea’s transportation industry has shrunk for the first time in four years. As the shipping industry suffers from a severe slump, the cargo volume across the sea plummeted, which led to the downturn of the transportation industry as a whole in South Korea. The total sales of marine transportation [...]
SEOUL, Nov. 20 (Korea Bizwire) – The rate of marriage and divorce among multiracial families has decreased. The birth rate for them has declined as well. The number of marriages between South Koreans and foreign partners stood at 26,948 in 2013, down 7.8 percent compared with the previous year, according to a study called the [...]
![[In-depth] How Temporary Workers Live in South Korea](http://koreabizwire.com/wp/wp-content/uploads/2014/11/cart1.jpg "[In-depth] How Temporary Workers Live in South Korea")
SEOUL, Nov. 15 (Korea Bizwire) – South Korea’s non-regular workers are hopeless to become a permanent employee. The latest OECD Employment Outlook 2014 showed that one to two contract workers out of ten can win a permanent status in a year. Seven are still under fixed-term contracts and even two become unemployed. It means that the [...]
SEOUL, July 28 (Korea Bizwire) — Jeju Special Self-governing Province was ranked No. 1 in terms of 2012 growth rate among 16 provinces and metropolitan cities. According to data on gross regional domestic products by the National Statistical Office on July 24, the GDP of Jeju Province was 12,706.8 billion won(US$12.4 billion), up 6.1 percent from [...]
SEOUL, June 27 (Korea Bizwire) – A recent survey revealed that one in two Korean couples in their 40s and 50s are dual-income earners as they have to foot the bill arranged for their kids’ “future” : They have to spend a large sum of money for their children’s education. The National Statistical Office released a [...]
SEOUL, Korea, April 18, 2014 (Korea Bizwire) – Two out of three farm households are earning less than 10 million won a year from crop sales, which implies that there are fewer and fewer farming families relying entirely on agriculture alone for their income. According to a report “2013 Agriculture, Forestry, and Fishery Survey” published [...]
SEOUL, Korea, April 8 (Korea Bizwire) – Korea is one of the few countries with an unusually high percentage of real assets, including most prominently homes. A household finance survey by the National Statistical Office on April 7 said the ratio of real assets in total household assets as of 2013 was as high as [...]