SEOUL, March 28 (Korea Bizwire) – Data shows that one out of four people who filed for bankruptcy is over the age of 60, a stark indicator of the increasing worries over an ageing society and widespread poverty among seniors. Koreans in their 50s usually have financial difficulties that result from being economically active, such as [...]
SEOUL, Dec. 2 (Korea Bizwire) - South Korea’s trade surplus in the ICT segment outpaced those of members of the Organization for Economic Cooperation and Development (OECD) in the first half, data showed Wednesday, posting robust performances despite the global economic slump. According to the data compiled by the Institute for Information & Communications Technology Promotion, [...]
The proportion of those who have a distorted body image was 18.8 percent among females and 13.4 percent among males. (Image : Pixabay) SEOUL, Nov.10 (Korea Bizwire) – Under a social atmosphere that pressures Korean girls to have slender bodies, even young girls are forcing themselves to follow strict diets. In addition to teenagers, children [...]
SEOUL, Oct. 21 (Korea Bizwire) – A recent report has found that the quality of life among Koreans was the lowest compared to other members of the OECD. According to a report issued by the OECD entitled ’2015 How’s life?’, the satisfaction level with life among Koreans was 5.80 out of 10, which was lower than [...]
SEJONG, Sept. 18 (Korea Bizwire) — South Korea ranked relatively low among members of the Organization for Economic Cooperation and Development (OECD) in terms of the quality of life mainly due to a lack of satisfaction felt by people in their everyday lives, a report showed Thursday. According to the Korea Institute for Health and [...]
SEJONG, Sept. 15 (Korea Bizwire) — South Koreans rank first among the citizens of the Organization for Economic Cooperation and Development (OECD) member countries in terms of visits to hospitals per year, data showed Tuesday. According to the Health Data 2015 provided by the Ministry of Health and Welfare and the OECD, South Koreans visited the [...]
SEOUL, Sept. 10 (Korea Bizwire) – The wage disparities between native and foreign workers in Korea topped a list of major countries, hinting that Korea shows the strongest wage discrimination against foreigners. According to the OECD Employment Outlook 2015 released on September 9, in Korea, native-born workers earn 1.55 times more than foreign-born workers, the [...]
SEOUL, Sept. 2 (Korea Bizwire) — South Korea’s tax revenue growth has failed to keep up with its economic expansion, a lawmaker said Wednesday, calling for the “normalization” of the country’s corporate income taxes. Citing a report by the National Assembly Budget Office, Rep. Park Kwang-on of the main opposition New Politics Alliance for Democracy said [...]
SEOUL, Aug. 31 (Korea Bizwire) – It turns out that cell phone prices in Korea are higher than anywhere else in the world. According to Gartner, a market research company, cell phone prices in Korea were highest among the 29 members of the OECD. Also, prices of smart phones ranked second. From 2011 to 2014, 27 [...]
SEOUL, Aug. 30 (Korea Bizwire) — South Korea has the highest suicide rate among the members of the Organization for Economic Cooperation and Development (OECD) and its people were less confident about their health, a report showed Sunday. An average of 29.1 people per 100,000 in South Korea took their own lives in 2012, far surpassing the [...]