SEOUL, July 4 (Korea Bizwire) – While a recent OECD study showed that life expectancy in Korea has rapidly increased for the past five years, it displayed a shameful aspect of the nation as well, as it revealed that Korea has again, for 10 years in a row, ranked first in suicide rate in among 34 [...]
SEOUL, June 20 (Korea Bizwire) –Korea’s per-capita alcoholic beverage consumption was 100 bottles of beer and 60 bottles of Korean vodka (soju) in 2012. According to the Korea Alcohol & Liquor Industry Association on June 19, the total domestic consumption of alcohol in 2012 was 3.12 million kiloliters (1 kiloliter equals 1,000 liters). The figure included [...]
SEOUL, May 28 (Korea Bizwire) – An analysis that Korea’s household debts have not only exceeded the OECD average but also reached the critical point which could trigger an economic crisis has come out. On May 27, at a seminar on “Korea’s Macro Leverage: the Analysis and Prospect” held by Korea Institute of Finance, a [...]
SEOUL, May 26 (Korea Bizwire) – Hyundai Economic Research Institute has published a report “Korea’s Social Capital Index” on May 25, comparing the index of Korea with those of 32 Organization for Economic Cooperation and Development member nations. Of the components of social capital, the report defined 15 indexes each for private and public social capital. The [...]
SEOUL, July 15 (Korea Bizwire) – Korea’s per-household communication expenses are third highest among Organization for Economic Cooperation and Development member countries. This is quite an opposite result from claims made by Korea’s telecom companies that the nation’s communications cost is lower than any other countries. According to the biennial OECD Communications Outlook 2013, Koreans’ [...]