OECD Archives | Be Korea-savvy
S. Koreans Working Second-longest Hours among OECD Members: Data

S. Koreans Working Second-longest Hours among OECD Members: Data

SEOUL, Aug. 16 (Korea Bizwire) — South Korea has the second-longest average work hours per person, but its wage levels fall under the median among member states of the Organization for Economic Cooperation and Development (OECD), data showed Wednesday. The OECD Employment Outlook 2017, an annual report, said an average South Korean worked 2,069 hours [...]

Ageing Population to Reshape South Korean Industry, Report Says

Ageing Population to Reshape South Korean Industry, Report Says

SEOUL, Aug. 3 (Korea Bizwire) — A new report has claimed South Korea’s ageing population will reshape the landscape of the country’s industry. The report from the Bank of Korea (BOK) released on Wednesday discusses the relationship between an ageing population and industrial structure, welfare and the healthcare service industry. In the report, Kang Jong-gu, the [...]

South Korea Has Lowest Out-of-Wedlock Birth Rate Among OECD Countries

South Korea Has Lowest Out-of-Wedlock Birth Rate Among OECD Countries

SEOUL, July 10 (Korea Bizwire) – According to data released by the OECD and the Bank of Korea, South Korea has the lowest out-of-wedlock birth rate among OECD member countries. The findings, which should not come as a surprise to those who know South Korea well, are in line with the country’s anemic birth rate [...]

S. Korea Has Fewest Out-of-wedlock Births among OECD States

S. Korea Has Fewest Out-of-wedlock Births among OECD States

SEOUL, Jul. 9 (Korea Bizwire) — South Korea has the fewest out-of-wedlock childbirths among developed market economies with high income, a central bank report said Sunday. The result of the Organization for Economic Cooperation and Development (OECD) findings were due to the country’s deep-rooted sentiment against having a child out of marriage, the Bank of [...]

Aging Population Challenges South Korea’s Health Insurance System

Aging Population Challenges South Korea’s Health Insurance System

SEOUL, July 4 (Korea Bizwire) – South Korea’s national health insurance system faces challenges from the rapidly aging society, although it has been acclaimed as one of the world’s most effective in terms of universal coverage. The national health care system achieved universal coverage for all people in 1989, 12 years after it was launched [...]

S. Korean Women Paid Much Less than Men Compared to Counterparts in Other OECD Economies: Data

S. Korean Women Paid Much Less than Men Compared to Counterparts in Other OECD Economies: Data

SEOUL, Jul. 3 (Korea Bizwire) — South Korean women employees are paid less than their male counterparts among Organization for Economic Cooperation and Development (OECD) member economies, due to wage discrimination, data showed Monday. The proportion of female low-salaried workers who are paid less than two-thirds of the median wage stood at 37.6 percent in [...]

Air Pollution Causes 14,000 Additional Deaths a Year in South Korea

Air Pollution Causes 14,000 Additional Deaths a Year in South Korea

SEOUL, June 12 (Korea Bizwire) – About 14,000 people are dying prematurely every year in South Korea as a result of air pollution, a medical professor said Monday, citing a report by the U.S.-based Institute for Health Metrics and Evaluation (IHME). Cheong Hae-kwan, a professor at the Medical College of Seoul’s Sungkyunkwan University, said during [...]