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Majority of Middle Class Households Face Poverty After Retirement

Majority of Middle Class Households Face Poverty After Retirement

SEOUL, Dec. 7 (Korea Bizwire) – A shocking report has revealed that 6 in 10 middle class families in South Korea could suffer from financial hardships after retirement due to a lack of proper preparation. A study conducted by NH Investment & Securities’ research center found that 61.7 percent of middle class households believe their income [...]

Senior Temporary Employees Soar amid Fast-Aging Korean Society

Senior Temporary Employees Soar amid Fast-Aging Korean Society

SEOUL, Nov. 7 (Korea Bizwire) – A recent study from Statistics Korea revealed that the number of temporary employees aged 60 and above has more than doubled over the past decade, calling for government measures to provide aged workers with stable jobs to prevent elderly poverty.  According to the study, there were 1,468,000 employees aged [...]

Global Internet Inclusion Could Lift 500m Out of Poverty, and Add over $6trn to Global GDP

Global Internet Inclusion Could Lift 500m Out of Poverty, and Add over $6trn to Global GDP

LONDON, May 16 (Korea Bizwire) — Global inclusion in the Internet could bring seven percent of the world’s population – 500 million people – above absolute poverty levels, and add US$6.7 trillion to global economic output, according to a new study by Strategy&, PwC’s strategy consulting business. The study, for Facebook, encompassed 120 countries over [...]