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S. Korean Students Rank among Top Performers among OECD Nations in Educational Performance: Report

S. Korean Students Rank among Top Performers among OECD Nations in Educational Performance: Report

SEOUL, Dec. 6 (Korea Bizwire) — South Korean 15-year-olds were among the top performers in mathematics, reading and science among their peers from the member nations of the Organization for Economic Cooperation and Development (OECD), a report showed Wednesday. The findings were made in the latest report by the Programme for International Student Assessment (PISA), [...]

OECD Revises Up S. Korea’s 2024 Growth Outlook to 2.3 Pct

OECD Revises Up S. Korea’s 2024 Growth Outlook to 2.3 Pct

SEOUL, Nov. 29 (Korea Bizwire) — The Organization for Economic Cooperation and Development (OECD) revised up the outlook for South Korea’s economic growth next year to 2.3 percent on a recovery in exports and eased geopolitical tensions, Seoul’s finance ministry said Wednesday. The figure marked a 0.2 percentage-point increase from its projection of 2.1 percent [...]

S. Korea’s Public Pension Spending Falls Short of OECD Norms

S. Korea’s Public Pension Spending Falls Short of OECD Norms

SEOUL, Aug. 28 (Korea Bizwire) — South Korea’s government spending on public pensions, a primary means of addressing senior poverty, is merely half of the expenditure of other countries within the Organization for Economic Cooperation and Development (OECD), a report showed Sunday. According to Pensions at a Glance 2021 published by the Paris-based organization, a [...]

S. Korean Doctors Earn Highest Incomes Among OECD Nations: Data

S. Korean Doctors Earn Highest Incomes Among OECD Nations: Data

SEOUL, July 31 (Korea Bizwire) — In South Korea, where the number of doctors ranks near the bottom among the Organization for Economic Cooperation and Development (OECD) members, doctors’ incomes are among the highest, data showed Sunday. According to the OECD Health Statistics 2023, the annual income of Korean medical specialists working in hospitals and [...]

OECD Recommends Samsung Heavy Ensure Workplace Safety over 2017 Deadly Crane Accident

OECD Recommends Samsung Heavy Ensure Workplace Safety over 2017 Deadly Crane Accident

SEOUL, Oct. 26 (Korea Bizwire) — The Korean branch of the Organization for Economic Cooperation and Development (OECD) called on Samsung Heavy Industries Co. on Wednesday to fulfill due corporate responsibility to better ensure worksite safety following a deadly crane accident in 2017. In May 2017, two cranes collided at the shipbuilder’s shipyard in the [...]

OECD Korean Office to Begin Mediation over Chanel Korea’s Alleged Labor Rules Violation

OECD Korean Office to Begin Mediation over Chanel Korea’s Alleged Labor Rules Violation

SEOUL, April 8 (Korea Bizwire) — The Korean branch of the Organization for Economic Cooperation and Development (OECD) on Friday said it has decided to begin mediation procedures between Chanel Korea’s labor union and management over the company’s alleged violation of labor acts and human rights. In December last year, employees of the French luxury [...]

S. Korea Has 3rd-highest Ratio of NEET Youth Among OECD

S. Korea Has 3rd-highest Ratio of NEET Youth Among OECD

SEOUL, Dec. 13 (Korea Bizwire) — South Korea has the third-highest ratio of youth not in education, employment or training (NEET) among members of the Organization for Economic Cooperation and Development, a report showed Monday. The average monthly number of NEET people aged 15-29 in the country is estimated at 1.56 million in the January-October [...]

S. Korea Has OECD’s Highest Excess Mortality Rate for Bipolar Disorder

S. Korea Has OECD’s Highest Excess Mortality Rate for Bipolar Disorder

SEOUL, Nov. 30 (Korea Bizwire) — The excess mortality rate of individuals suffering from bipolar disorder in South Korea turned out to be the highest among the Organization for Economic Cooperation and Development (OECD) member states, the health ministry said Monday. Excess mortality rate is a mortality rate of a certain disease in relative terms [...]