SEOUL, Dec. 3 (Korea Bizwire) — Thirty-one percent of people aged 65 or older held low-wage jobs, such as cleaners or security guards for flats, last year after their retirement, a report said Monday. The report by state-run Korea Development Bank showed a rising poverty rate among elderly people in fast-aging South Korea, already highest [...]
SEJONG, Jan. 3 (Korea Bizwire) – The poverty level among South Koreans in their 30s and 40s has risen on the back of growing household debt. According to a joint report on household financial assets released by Statistics Korea, the Financial Supervisory Service and the Bank of Korea, the poverty rate among those in their 30s [...]
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 [...]
SEOUL, March 3 (Korea Bizwire) – Outstanding student loans, a rising unemployment rate, and an unstable housing environment are leaving Korean youth (from 19 to 34) on the brink of permanent poverty. According to the latest report on youth poverty from the Korea Institute for Health and Social Affairs, the poverty rates for those aged [...]
SEOUL, Feb. 7 (Korea Bizwire) – A recent study by preventive medicine doctors at Severance Hospital has revealed that ADHD diagnosis can be affected by household income. The study was based on 18,023 children born in 2002 and 2003, and changes in household income levels and the risks of ADHD when they reached 10 or [...]
SEJONG, Jan. 17 (Korea Bizwire) – The poverty rate for working low-income elderly people reached close to 62 percent in 2015, according to government statistics on Tuesday, showing that some of the aged population cannot sustain themselves even when they have jobs. Records collected from Statistics Korea, Bank of Korea and the Financial Supervisory Service [...]
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 [...]
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 [...]
SEOUL, Jan. 29 (Korea Bizwire) – Escaping from the bondage of poverty is becoming harder than ever in Korea. The income ladder stands still for households consisting of those who have no ability to work like the elderly and handicapped, or those who do temporary manual jobs, with little possibility of upward mobility. According to [...]