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S. Korea’s Household Medical Costs Higher than OECD Median

S. Korea’s Household Medical Costs Higher than OECD Median

SEOUL, Nov. 23 (Korea Bizwire) — South Korean households’ medical expenses are much higher than the average for members of the Organization for Economic Cooperation and Development despite a continued downturn, data showed Friday. Households’ expenditures accounted for 33.3 percent of South Korea’s total medical expenses in 2016, according to the data from the Korea [...]

S. Korea’s Suicide Rate Dropping but Still Highest Among OECD States

S. Korea’s Suicide Rate Dropping but Still Highest Among OECD States

SEOUL, Oct. 29 (Korea Bizwire) – South Korea’s suicide rate remains the highest among developed nations despite declines in recent years, comparative statistics from welfare authorities indicated Monday. An analysis of health data from the Organization for Economic Cooperation and Development (OECD), conducted by the Ministry of Health and Welfare and the National Health Insurance Service, showed [...]

S. Koreans’ Confidence over Health Lowest Despite Long Life Expectancy

S. Koreans’ Confidence over Health Lowest Despite Long Life Expectancy

SEOUL, Oct. 28 (Korea Bizwire) — Only a third of South Koreans believe themselves to be healthy, despite the country’s average life expectancy being one of the longest among advanced countries, a report showed Sunday. According to the report released by the Ministry of Health and Welfare and the National Health Insurance Service, based on [...]

Korea Ranks 7th Highest in Corporate Tax Rates Among OECD Nations

Korea Ranks 7th Highest in Corporate Tax Rates Among OECD Nations

SEJONG, Oct. 18 (Korea Bizwire) — South Korea’s corporate tax rates as of this year are the seventh highest among member states of the Organization for Economic Cooperation and Development (OECD), the finance ministry’s data showed Thursday. A report from the ministry provided for a parliamentary audit, released by opposition lawmaker Shim Jae-chul, said South [...]

Report Says Out-of-Wedlock Birth Rate Lowest in S. Korea among OECD States

Report Says Out-of-Wedlock Birth Rate Lowest in S. Korea among OECD States

SEJONG, Oct. 1 (Korea Bizwire) — South Korea has the lowest rate of out-of-wedlock births among advanced countries, primarily because of ingrained conservative social values, a report said Monday. The report published in the latest quarterly by the Statistical Research Institute put the country’s unmarried childbearing rate at 1.9 percent in 2014, the lowest among [...]

Cancer Mortality Rates in South Korea Second Lowest Amongst OECD Nations

Cancer Mortality Rates in South Korea Second Lowest Amongst OECD Nations

SEOUL, Sept. 27 (Korea Bizwire) — The number of Koreans who succumbed to cancer last year was found to be a record high, but compared to other advanced nations, the mortality rate from cancer remained low. Meanwhile, the mortality rate of South Koreans, in general, was low among other leading nations, but deaths from pneumonia, [...]

Speed of Increase of Household Debt in Korea Exceeds OECD Average

Speed of Increase of Household Debt in Korea Exceeds OECD Average

SEOUL, Sept. 21 (Korea Bizwire) — After the onset of the global financial crisis, the speed of increase of household debt in Korean families was found to be 7.8 times the OECD average. The aggregate of loans taken out by low income families (bottom 30 percent of the population) or by those who with low [...]