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 [...]
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, [...]
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 [...]
(Image: Yonhap) SEOUL, Sept. 12 (Korea Bizwire) – The wage gap between university graduates and high school graduates in South Korea has widened, surpassing the OECD average. The country’s dwindling birth rate is mirrored in the reduced student-to-teacher ratio, but it is still above the OECD average. The Ministry of Education (MOE) and Korean Educational Development [...]
SEOUL, Aug. 20 (Korea Bizwire) — The income gap between wage earners in the top 10 percent and the bottom 10 percent was more than fourfold in South Korea last year. The income gap of South Korean workers was the highest of all Organisation for Economic Co-operation and Development (OECD) member states, with the gap [...]
SEOUL, Jul. 23 (Korea Bizwire) — South Korea was the fourth-largest emitter of carbon dioxide (CO2) among members of the Organization for Economic Cooperation and Development (OECD) in 2017 due to its high dependence on fossil fuels, a report showed Monday. According to the report by global oil and gas major BP, South Korea’s CO2 [...]
SEOUL, Jul. 13 (Korea Bizwire) — The life expectancy of South Koreans now stands at 82.4 years, which is 1.6 years longer than the OECD average. Despite living longer than average, the percentage of South Koreans who think they are healthy was the lowest of all OECD member states. According to OECD Health Statistics revealed [...]
SEOUL, Jun. 3 (Korea Bizwire) — South Korea’s proportion of employed older seniors was the highest among countries of the Organization for Economic Cooperation and Development (OECD), but that of young people remained at the bottom due to the country’s low social safety net and the tightened job market, a report showed Saturday. According to [...]
SEJONG, May 7 (Korea Bizwire) — New data has revealed that South Korea’s GDP per hour worked per hour is far lower than that of other advanced nations, and belies the nation’s reputation as one of the world’s leading economies. Experts attribute the low rate to the grueling long work hours not found in other [...]
SEOUL, May 2 (Korea Bizwire) — South Korea’s medical expenditures have grown at the fastest pace among other major economies over the past decade, a report showed Wednesday. According to the report by the Korea Institute for Health and Social Affairs, medical spending in South Korea jumped by an annual average of 6.8 percent between [...]