OECD Archives | Be Korea-savvy
S. Korea Ranks at Bottom of OECD States for Energy Efficiency

S. Korea Ranks at Bottom of OECD States for Energy Efficiency

SEOUL, Jul. 1 (Korea Bizwire) — South Korea, which ranks as one of the worst Organization for Economic Cooperation and Development (OECD) countries for energy efficiency, needs to raise the price of electricity in order to reduce greenhouse gas emissions, according to experts. The KEPCO Management Research Institute recently reported that the nation ranked 33rd [...]

S. Korea’s Financial Literacy Scores Slightly below OECD Average

S. Korea’s Financial Literacy Scores Slightly below OECD Average

SEOUL, Jan. 28 (Korea Bizwire) — South Koreans’ financial literacy was slightly lower than the average of the Organization for Economic Cooperation and Development (OECD) countries last year, a survey showed Monday.  The financial literacy of South Korean people aged between 18 and 79 came to 62.2 points in 2018, according to the survey by the Bank of Korea [...]

S. Korea’s Average Workweek Dips to 41.5 Hours, Still High Among OECD Countries

S. Korea’s Average Workweek Dips to 41.5 Hours, Still High Among OECD Countries

SEOUL, Jan. 13 (Korea Bizwire) — South Koreans put in an average of 1.3 fewer hours at their jobs in 2018, but the country still had one of the longest workweeks among Organization for Economic Cooperation and Development (OECD) members, official data showed Sunday. According to the Statistics Korea, South Korean employees worked 41.5 hours [...]

S. Koreans Unhappy, Exact Measurement of Quality of Life Necessary: OECD World Forum

S. Koreans Unhappy, Exact Measurement of Quality of Life Necessary: OECD World Forum

SEOUL, Nov. 29 (Korea Bizwire) — Experts have warned that the quality of life in South Korea is low compared to the population’s income levels. In response, the government plans to come up with a measure to accurately measure quality of life in order to create solutions that build on the result. This is according [...]

S. Korea’s Household Medical Costs Higher than OECD Median

S. Korea’s Household Medical Costs Higher than OECD Median

SEOUL, Nov. 23 (Korea Bizwire) — South Korean households’ medical expenses are much higher than the average for members of the Organization for Economic Cooperation and Development despite a continued downturn, data showed Friday. Households’ expenditures accounted for 33.3 percent of South Korea’s total medical expenses in 2016, according to the data from the Korea [...]

S. Korea’s Suicide Rate Dropping but Still Highest Among OECD States

S. Korea’s Suicide Rate Dropping but Still Highest Among OECD States

SEOUL, Oct. 29 (Korea Bizwire) – South Korea’s suicide rate remains the highest among developed nations despite declines in recent years, comparative statistics from welfare authorities indicated Monday. An analysis of health data from the Organization for Economic Cooperation and Development (OECD), conducted by the Ministry of Health and Welfare and the National Health Insurance Service, showed [...]

S. Koreans’ Confidence over Health Lowest Despite Long Life Expectancy

S. Koreans’ Confidence over Health Lowest Despite Long Life Expectancy

SEOUL, Oct. 28 (Korea Bizwire) — Only a third of South Koreans believe themselves to be healthy, despite the country’s average life expectancy being one of the longest among advanced countries, a report showed Sunday. According to the report released by the Ministry of Health and Welfare and the National Health Insurance Service, based on [...]