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Report Says Men Account for Only 17 pct of Parental Leave Takers

Report Says Men Account for Only 17 pct of Parental Leave Takers

SEOUL, Jun. 14 (Korea Bizwire) — Men accounted for merely 17 percent of all parental leave takers in South Korea last year, a level seen as very low among the world’s major countries, a report said Friday. The report released by the Korean Committee for UNICEF said the utilization of paternity leave by employed South [...]

4 in 10 Middle-aged Adults Support Both Their Children and Parents

4 in 10 Middle-aged Adults Support Both Their Children and Parents

SEOUL, May 28 (Korea Bizwire) – About 4 out of 10 middle-aged South Koreans are burdened with “double care”, where they have to support their single children in adulthood along with their elderly parents. According to a report released by the Korea Institute for Health and Social Affairs, 39.5 percent of the 1,000 middle-aged people [...]

Most Married Women Eye Financial Aid for Children Until College Graduation: Poll

Most Married Women Eye Financial Aid for Children Until College Graduation: Poll

SEOUL, Mar. 22 (Korea Bizwire) — Nearly six in 10 married women in South Korea think they should provide financial support for their offspring until graduation from college, a poll showed Friday. According to the survey of 11,205 married women, 59.2 percent of the respondents said they think it appropriate to financially support their children [...]

Middle-Aged Group Says Parents’ Medical Bills Biggest Financial Burden

Middle-Aged Group Says Parents’ Medical Bills Biggest Financial Burden

SEOUL, May 18 (Korea Bizwire) – Middle-aged South Koreans who live with or support their parents financially feel the heaviest burden when bearing their medical bills, but some saw it as a duty that has to be fulfilled even if means getting loans or giving up on their own savings, a survey said Wednesday.  In [...]