SEOUL, Mar. 18 (Korea Bizwire) — South Korea and the Organization for Economic Cooperation and Development (OECD) opened a joint conference in Seoul on Monday to discuss ways to help Southeast Asian countries develop and transform their financial systems. The conference will be held for two days and discuss potential problems arising from the digitalization [...]
SEOUL, Mar. 7 (Korea Bizwire) — South Korean adults’ financial literacy is higher than the Organization for Economic Cooperation and Development (OECD) average, a report showed Thursday. According to the survey by the Bank of Korea and the Financial Supervisory Service, the financial literacy of South Koreans aged between 18 and 79 came to 67 [...]
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), [...]
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 [...]
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 [...]
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 [...]
SEOUL, Dec. 5 (Korea Bizwire) — South Korea still had the largest wage inequality between genders among all 39 Organization for Economic Cooperation and Development (OECD) member states last year, a report showed Sunday. The most recent OECD report on the gender wage gap showed that South Korea had the largest gender wage gap at [...]
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 [...]
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 [...]
SEOUL, Feb. 1 (Korea Bizwire) — South Korea’s obesity level turned out to be the second-lowest among advanced nations. The Organization for Economic Cooperation and Development (OECD) reported that South Korea’s obesity rate was 5.9 percent, ranking the country 31st out of the 32 member states. The obesity rate is calculated by using the body [...]