SEOUL, Aug. 7 (Korea Bizwire) — About one out of eight mid-aged people in South Korea has borrowed money due to economic challenges caused by the coronavirus pandemic, a survey showed Sunday. According to the survey of 3,923 people by the Korea Institute for Health and Social Affairs, 12.5 percent of people in their 40s [...]
SEOUL, July 24 (Korea Bizwire) — More than 1 out of 10 workers have experienced layoffs since the onset of the COVID-19 pandemic, with the rate of those who lost jobs reaching nearly 30 percent among non-regular workers, a poll showed Sunday. The survey of 1,000 employees — 600 regular workers and 400 temporary workers [...]
SEOUL, July 20 (Korea Bizwire) — Independent and art film-only theaters have been losing ground as the protracted novel coronavirus pandemic pushes multiplex operators to tighten their belt. CJ CGV, South Korea’s largest multiplex chain, said earlier it will close Myeongdong Station Cine Library, located in downtown Seoul, next month, citing financial issues. “Due to [...]
SEJONG, June 28 (Korea Bizwire) — The accommodation and restaurant sector in South Korea reported the biggest fall in operating profit margins in 2020 compared with 2015 due to the COVID-19 pandemic, data showed Tuesday. The ratio of operating profit against sales for the lodging and eatery industry came to 5.2 percent in 2020, down [...]
SEOUL, June 27 (Korea Bizwire) — Ever since the pandemic has changed how we work, more than half of all workers believe that it has increased productivity. Accounting firm EY Hanyoung conducted a survey of 17,000 individuals including the management staff and employees from some 1,500 companies in 22 countries, in which 64 percent of [...]
SEOUL, June 21 (Korea Bizwire) — The quality of employment among women and seniors has deteriorated during the pandemic era, South Korea’s central bank said Monday. The Bank of Korea (BOK) reported Monday that 41.6 percent of female senior workers over 60 years were categorized as ‘more-or-less vulnerable’ as of April this year, while 3.4 [...]
SEOUL, June 20 (Korea Bizwire) — Delivery-only restaurants are facing a life-or-death situation due to the lifting of social distancing rules and the sky-high prices of food materials. Owners of such restaurants that opened during the peak of the pandemic from late last year to early this year are giving up operations or opting to [...]
SEOUL, June 13 (Korea Bizwire) — A recent survey showed that more people are skipping meals following the onset of the pandemic era. The Korea Disease Control and Prevention Agency (KDCA) studied the results of the national health and nutrition survey, in which the percentage of people who skipped either breakfast, lunch, or dinner the [...]
SEOUL, May 31 (Korea Bizwire) — School violence, which dropped significantly during the pandemic era, is beginning to rise. The Seoul Metropolitan Police Agency reported that the reported number of school violence cases decreased from 11,832 in 2019 to 5,555 in 2020, before it started to climb back up to 6,823 cases last year. The [...]
SEOUL, May 23 (Korea Bizwire) — A recent study suggested that the growing level of video game addiction during COVID-19 pandemic era can be largely attributed to gamers’ intent to escape reality. Jang Ye-beet, a professor at Aju University’s culture and contents department, conducted a survey of 256 online gamers in their 20s living in [...]