SEOUL, Jan. 19 (Korea Bizwire) — South Korean senior citizens’ poverty rate has been on the mend but is still high among members of the Organization for Economic Cooperation and Development (OECD), a report showed Thursday. The relative poverty rate of South Koreans aged 65 and older stood at 37.6 percent in 2021, down 1.3 [...]
SEOUL, April 6 (Korea Bizwire) — The relative poverty rate of South Korean senior citizens has been on the decline, but is still high among member countries of the Organization for Economic Cooperation and Development (OECD) amid rapid aging, a report showed Wednesday. The relative poverty rate of South Koreans aged 66 or older came [...]
SEOUL, Sept. 6 (Korea Bizwire) – A research report from the Department of Social Welfare at Ehwa Womans University detailing the financial costs of child poverty to society has garnered the attention of the public for its bold claims. The report states that 363,973 South Korean children are living in absolute poverty. In addition, the [...]