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 [...]
SEOUL, June 3 (Korea Bizwire) – There is a strange culture among South Koreans in which the higher the price is, the better the product sells. For years, the South Korean media and a good portion of consumers have noticed and questioned this absurd trend in a country that has been hit by record high [...]
SEOUL, June 2 (Korea Bizwire) – Nearly 4 in 10 employed South Koreans in their late 30s and 60s are interested in second jobs after retirement or are currently making preparations to that end, a poll said Friday. According to the survey of 1,213 people aged between 35 and 69, 30.1 percent of the respondents [...]
SEOUL, June 1 (Korea Bizwire) – South Korea’s consumption of antibiotics has been greatly reduced, a government report showed Thursday, but the country remains the top user among Organization for Economic Cooperation and Development (OECD) member countries. According to the report by the Health Insurance Review and Assessment Service, the prescription rate of antibiotics for [...]
SEOUL, May 25 (Korea Bizwire) – South Koreans are among the least interested in pursuing new business ventures, as many still fear failure could result in the loss of their entire savings. Among 34 OECD member countries, South Korea ranked 33rd in business opportunity perception, ahead only of Japan, according to the report ‘Small, Medium, Strong: [...]
SEOUL, May 8 (Korea Bizwire) – Prime-age workers, supposedly the most economically active group that earns and spends more than any other, are slowly disappearing from the South Korean job market, Statistics Korea said last Saturday. According to recent figures from the government statistics agency, the number of workers aged between 25 and 49 is [...]
SEJONG, May 8 (Korea Bizwire) – South Korea has the highest employment rate of seniors among advanced countries due to the rapid aging and insufficient social welfare system, data said Monday. The employment rate of South Koreans aged 75 or older reached 17.9 percent in 2015, ranking first among 25 members of the Organization for [...]
SEOUL, Apr. 17 (Korea Bizwire) — South Korea’s tax burden, which has steadily risen over the years, still remains among the lowest among the group of developed market economies with high income, data showed Sunday. Data by the Paris-based Organization for Economic Cooperation and Development (OECD) showed that the tax burden ratio of Asia’s fourth-largest [...]
SEOUL, April 16 (Korea Bizwire) – South Korea ranked 24th among 28 Organization for Economic Cooperation and Development (OECD) member countries in terms of the state growth sustainability index, a local think tank said Sunday. The Hyundai Research Institute has developed its own index to measure each state’s sustainable growth levels. South Korea scored 0.443, [...]
SEOUL, March 31 (Korea Bizwire) – South Korea’s recent attempt to shorten what are some of the longest working hours in the world was thwarted after branches of government dealing with workers’ rights failed to come to an agreement. The disappointing outcome to postpone the much anticipated decision until after the presidential election in May follows [...]