SEOUL, Aug. 25 (Korea Bizwire) – The Financial Times (FT) of England reported that Koreans, who used to work the most and rest the least, have recently showed a tendency to take longer vacations. According to Expedia, a global travel agency, the average Korean took 8.6 days off every year, which was the lowest among [...]
SEOUL, Aug. 24 (Korea Bizwire) – Among the members of the OECD, the lifespan of Korean men is shorter compared to Korean women, as well as men of other countries. The main factors that contributed to lower life expectancies for Korean men were the high smoking rate and stress levels. It is a well known fact [...]
SEOUL, Aug. 11 (Korea Bizwire) – South Korea’s information and communications technology (ICT) sector has the largest portion of the value added against other segments among the Organization for Economic Cooperation and Development (OECD) members, thanks to its strength in electronics and optical productions, a report showed Tuesday. Asia’s fourth-largest economy came first with the value [...]
SEOUL, August 5 (Korea Bizwire) - Among the 33 countries in the OECD (Organization for Economic Cooperation and Development), Korea has the third largest share of ‘NEETs’ (Not in Education, Employment or Training) among youth. According to the OECD, Koreans who do not have the urge to work nor get any training or education among youth [...]
SEOUL, Jul. 7 (Korea Bizwire) — The Korean government’s open data index ranks first among OECD countries, according to the OECD’s ‘Government at a Glance 2015’ report published on July 6. The OECD report’s open government data section for 2015 is the first of its kind in the biennial report, and it shows the availability, [...]
PARIS/SEJONG, Jun. 4 (Korea Bizwire) — South Korea’s finance minister called on major economies Wednesday to wind down their quantitative easing programs smoothly in order to ensure the stable growth of the global economy. Speaking at the economic outlook session at this year’s Organization for Economic Cooperation and Development’s (OECD) ministerial meeting in Paris, Finance Minister [...]
SEOUL, May 1 (Korea Bizwire) — A new method for testing possible eye irritation due to cosmetics ingredients that does not involve animal testing has been developed by the National Institute of Food and Drug Safety Evaluation (NIFDS), according to a statement from the institute on April 30. The NIFDS is preparing for the new [...]
SEOUL, March 24 (Korea Bizwire) — The Korea National Council of Consumer Organizations has sent a letter of inquiry to the OECD to investigate Tesco-owned supermarket Homeplus over allegations that the company sold customers’ private information to insurance firms, according to a statement on March 23. The council claimed that Homeplus and its parent company Tesco [...]
SEOUL, March 20 (Korea Bizwire) – Prices at the recently opened IKEA store in Gwangmyeong, on the outskirts of Seoul, are among the most expensive in the OECD. The only country with higher average prices than Korea is IKEA’s home base of Sweden. The global furniture giant appears to have chosen a high-price policy in Korea, [...]
SEOUL, March 15 (Korea Bizwire) – The poverty rate of South Korea’s elderly was by far the highest among advanced countries, while the net pension replacement rate for the population was one of the lowest, a report showed Sunday. According to the report from the government-funded Korea Labor Institute, South Korea’s poverty rate among elderly [...]