SEOUL, Jan. 25 (Korea Bizwire) — South Korea’s fisheries production was the fifth largest among members of the Organization for Economic Co-operation and Development (OECD) in 2015 and the government reduced the budget support for the local industry, the oceans ministry said Thursday. South Korea caught wild fisheries and aquatic plants worth $5.44 billion in [...]
SEOUL, Jan. 24 (Korea Bizwire) — South Korea ranks near the top in terms of workers’ income inequality, where the top 10 percent of earners make 4.5 times what the bottom 10 percent take home, a recent report from the Organization for Economic Cooperation and Development (OECD) said. The report analyzed figures for 2016 for [...]
SEOUL, Jan. 23 (Korea Bizwire) — South Korea aims to drastically lower the suicide rate in the next five years, the government said Tuesday, as the country battles with one of the biggest causes of death for the young people. The country has the highest suicide rate among the members of the Organization for Economic [...]
SEOUL, Jan. 16 (Korea Bizwire) — South Korean public servants on around-the-clock duties, such as police and customs officials, work about 1,000 hours more a year than public workers in member countries of the Organization for Economic Cooperation and Development, a government survey showed Tuesday. According to the Ministry of Personnel and Management’s survey, government [...]
SEOUL, Jan. 9 (Korea Bizwire) – Household debt in South Korea is growing at one of the fastest rates among OECD countries, which could be a serious threat to quality of life in the future. According to the OECD’s ‘How’s Life? 2017’ report, the debt-to-disposable income ratio of South Korean households was 170 percent as [...]
SEOUL, Jan. 8 (Korea Bizwire) — South Korea has the worst air quality among a group of 35 mostly rich nations, data showed Sunday, posing a health threat to people in one of the world’s most densely populated countries. In South Korea, PM2.5 levels are 27.9 micrograms per cubic meter, the highest level in the [...]
SEOUL, Jan. 2 (Korea Bizwire) — Bullying in the workplace, bullies online and too many hours spent on the job. These three are some of the social issues that South Koreans would desperately like to see addressed in 2018. Cases of “gapjil”, a Korean euphemism referring to the abuse of an individual’s or organization’s power [...]
SEOUL, Jan. 2 (Korea Bizwire) — South Korea’s working-age population is shrinking much faster than in other countries after hitting its peak in 2016, a report said Tuesday. According to the Health and Welfare Forum published by the Korea Institute for Health and Social Affairs (KIHASA), only the under-40 population was projected to drop among [...]
SEJONG, Dec. 5 (Korea Bizwire) — South Korean babies born in 2016 are expected to live more than 82 years as the risk of death has been diminished by medical advances and other developments, a government report showed Tuesday. The life expectancy at birth averaged 82.4 years in 2016, slightly up from the previous year’s [...]
SEOUL, Dec. 3 (Korea Bizwire) — Expectations that South Korea will achieve 3 percent growth and per capita income of US$30,000 are on the rise for 2018 fueled by the strengthening of the global economy, market watchers said Sunday. Observers said that the upbeat forecast is based on gains in exports in the new year [...]