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S. Korea Has Larger Classes, Lower Employment Rates Among College Graduates than OECD Averages

S. Korea Has Larger Classes, Lower Employment Rates Among College Graduates than OECD Averages

SEOUL, Sept. 17 (Korea Bizwire) — South Korea has larger class sizes and lower employment rates among the highly educated than Organization for Economic Cooperation and Development (OECD) averages, the education ministry said Friday. According to the latest edition of the OECD’s “Education at a Glance,” released by the Ministry of Education, elementary and middle [...]

S. Korea’s 2020 Growth Ranks 3rd Among Major Nations

S. Korea’s 2020 Growth Ranks 3rd Among Major Nations

SEOUL, Feb. 23 (Korea Bizwire) — South Korea’s economic growth rate ranked third among major economies across the globe in 2020 despite an on-year contraction due to the coronavirus pandemic, data showed Tuesday. Asia’s fourth-largest economy contracted 1 percent last year from a year earlier, but it posted the third-best performance among 15 major nations, [...]

S. Korea’s R&D Spending 5th Largest Among OECD Members in 2019

S. Korea’s R&D Spending 5th Largest Among OECD Members in 2019

SEOUL, Dec. 9 (Korea Bizwire) — South Korea invested almost 90 trillion won (US$83 billion) in research and development (R&D) last year, making it the fifth-largest spender among members of the Organization for Economic Cooperation and Development (OECD), the ICT ministry said Wednesday. The South Korean government and the private sector’s total R&D spending in [...]

OECD Raises S. Korea’s 2020 Growth Outlook

OECD Raises S. Korea’s 2020 Growth Outlook

SEJONG, Aug. 11 (Korea Bizwire) — South Korea’s economy is likely to shrink less than expected this year thanks to its successful response to the coronavirus pandemic, the Organization for Economic Cooperation and Development (OECD) said Tuesday. In its latest report on South Korea, the Paris-based club of major economies predicted Asia’s fourth-largest economy will [...]

S. Korea’s Growth Rate Second Highest Among 14 Major Countries

S. Korea’s Growth Rate Second Highest Among 14 Major Countries

SEOUL, Aug. 2 (Korea Bizwire) — South Korea’s economy contracted 3.3 percent in the second quarter from a quarter earlier, but it fared well compared with other major economies, data showed Sunday. South Korea’s gross domestic product (GDP) growth rate was the second highest among the 14 countries that included the United States, China, Germany [...]

S. Koreans’ Life Expectancy Stands at 82.7 Years in 2018, Higher than OECD Average

S. Koreans’ Life Expectancy Stands at 82.7 Years in 2018, Higher than OECD Average

SEOUL, July 22 (Korea Bizwire) — South Korean babies born in 2018 are expected to live over 82 years, two years longer than the Organization for Economic Cooperation and Development’s average, as many take care of their health with regular medical checkups and treatment, data showed Wednesday. The figure remains unchanged from the year before, [...]