SEOUL, Nov. 29 (Korea Bizwire) — The Organization for Economic Cooperation and Development (OECD) revised up the outlook for South Korea’s economic growth next year to 2.3 percent on a recovery in exports and eased geopolitical tensions, Seoul’s finance ministry said Wednesday. The figure marked a 0.2 percentage-point increase from its projection of 2.1 percent [...]
SEOUL, Aug. 28 (Korea Bizwire) — South Korea’s government spending on public pensions, a primary means of addressing senior poverty, is merely half of the expenditure of other countries within the Organization for Economic Cooperation and Development (OECD), a report showed Sunday. According to Pensions at a Glance 2021 published by the Paris-based organization, a [...]
SEOUL, July 31 (Korea Bizwire) — In South Korea, where the number of doctors ranks near the bottom among the Organization for Economic Cooperation and Development (OECD) members, doctors’ incomes are among the highest, data showed Sunday. According to the OECD Health Statistics 2023, the annual income of Korean medical specialists working in hospitals and [...]
SEOUL, Dec. 5 (Korea Bizwire) — South Korea still had the largest wage inequality between genders among all 39 Organization for Economic Cooperation and Development (OECD) member states last year, a report showed Sunday. The most recent OECD report on the gender wage gap showed that South Korea had the largest gender wage gap at [...]
SEOUL, Oct. 26 (Korea Bizwire) — The Korean branch of the Organization for Economic Cooperation and Development (OECD) called on Samsung Heavy Industries Co. on Wednesday to fulfill due corporate responsibility to better ensure worksite safety following a deadly crane accident in 2017. In May 2017, two cranes collided at the shipbuilder’s shipyard in the [...]
SEOUL, April 8 (Korea Bizwire) — The Korean branch of the Organization for Economic Cooperation and Development (OECD) on Friday said it has decided to begin mediation procedures between Chanel Korea’s labor union and management over the company’s alleged violation of labor acts and human rights. In December last year, employees of the French luxury [...]
SEOUL, Feb. 1 (Korea Bizwire) — South Korea’s obesity level turned out to be the second-lowest among advanced nations. The Organization for Economic Cooperation and Development (OECD) reported that South Korea’s obesity rate was 5.9 percent, ranking the country 31st out of the 32 member states. The obesity rate is calculated by using the body [...]
SEOUL, Dec. 13 (Korea Bizwire) — South Korea has the third-highest ratio of youth not in education, employment or training (NEET) among members of the Organization for Economic Cooperation and Development, a report showed Monday. The average monthly number of NEET people aged 15-29 in the country is estimated at 1.56 million in the January-October [...]
SEOUL, Nov. 30 (Korea Bizwire) — The excess mortality rate of individuals suffering from bipolar disorder in South Korea turned out to be the highest among the Organization for Economic Cooperation and Development (OECD) member states, the health ministry said Monday. Excess mortality rate is a mortality rate of a certain disease in relative terms [...]
SEOUL, Nov. 18 (Korea Bizwire) — South Korea ranks low among members of the Organization for Economic Cooperation and Development (OECD) in terms of the employment rate for university graduates due mainly to a severe mismatch between their majors and job openings, a report showed Thursday. The employment rate for South Koreans aged 25-34 with [...]