SEOUL, Dec. 3 (Korea Bizwire) — Thirty-one percent of people aged 65 or older held low-wage jobs, such as cleaners or security guards for flats, last year after their retirement, a report said Monday. The report by state-run Korea Development Bank showed a rising poverty rate among elderly people in fast-aging South Korea, already highest [...]
SEOUL, Nov. 29 (Korea Bizwire) — Experts have warned that the quality of life in South Korea is low compared to the population’s income levels. In response, the government plans to come up with a measure to accurately measure quality of life in order to create solutions that build on the result. This is according [...]
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 [...]
SEOUL, Nov. 1 (Korea Bizwire) — South Koreans rank first among major economies in terms of visits made to hospitals in 2016, government data showed Thursday. According to the data by the National Health Insurance Service, South Koreans visited the doctor’s office an average of 17 times in 2016, much higher than the average of [...]
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 [...]
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 [...]
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 [...]
SEOUL, Oct. 18 (Korea Bizwire) — South Korea’s small and medium-sized enterprises (SMEs) employ 88 percent of the country’s workforce, but their labor productivity stops at a third of that of large companies, a working paper from the Organization for Economic Cooperation and Development (OECD) said Thursday. Titled “Enhancing dynamism in SMEs and entrepreneurship in [...]
SEOUL, Oct. 15 (Korea Bizwire) — Among inhabitants of OECD member countries, South Koreans were found to visit hospitals most frequently for outpatient medical treatment. The Ministry of Health and Welfare announced on Sunday that South Koreans visit the doctor for outpatient treatment at least 17 times annually per person, which is the highest among [...]
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 [...]