SEOUL, Feb. 9 (Korea Bizwire) — An increase in the value of assets owned by senior citizens results in a rise in the possibility of their early retirement, causing a decline in labor supply to the economy, a central bank report showed Wednesday. According to the report by the Bank of Korea, a 10 percent [...]
SEOUL, Jan. 21 (Korea Bizwire) — Roughly one-third city residents would like to move to rural towns after retirement. The Korea Rural Economic Institute conducted a survey of 2,544 farmers and city residents, in which 34.4 percent of city residents expressed an interest in moving to rural towns after retirement, which was 7 percentage points [...]
SUWON, Jan. 10 (Korea Bizwire) — The protracted COVID-19 pandemic has brought about a major change in teaching methods, leading to an increase in the number of teachers applying for voluntary retirement. According to the Gyeonggi Province Office of Education, the number of teaching faculty (teachers, vice principals and principals) at the public schools within [...]
SEJONG, Dec. 23 (Korea Bizwire) — Corporate retirement pension funds under management expanded more than 16 percent in 2020 from a year earlier as the system has taken root here, government data showed Thursday. Cumulative corporate retirement pension funds stood at 255 trillion won (US$214 billion) as of end-December last year, up 16.1 percent from [...]
SUWON, Dec. 6 (Korea Bizwire) — The Gyeonggi Nambu Police Agency announced that ‘Mari’, a human scent sniffer dog, has retired after years of active duty. Detection dogs are specially trained to uncover perpetrators or evidence in a crime scene by following various scents. A Belgian Malinois, the 10-year-old dog began active duty in Aug. [...]
SEOUL, Nov. 30 (Korea Bizwire) — Cardinal Andrew Yeom Soo-jung retired as the Catholic archbishop of Seoul and apostolic administrator of Pyongyang on Tuesday, after more than nine years of service in the post. Appointed as the archbishop of Seoul in May 2012, Yeom went on to serve in the post for about nine years. [...]
SEOUL, July 29 (Korea Bizwire) — South Korea, the country with the highest poverty and suicide rates of seniors among the Organization for Economic Cooperation and Development (OECD) states, is struggling to improve the lives of senior citizens. A report from Statistics Korea released on Tuesday shows a gloomy forecast for older Koreans. Among 14.8 [...]
TORONTO, April 22 (Korea Bizwire) — Colliers (NASDAQ and TSX: CIGI) today announced the retirement of long-time executive and Global Chief Operating Officer (COO), John Friedrichsen, effective in the second quarter of 2021, during which time there will be an orderly transition of his COO responsibilities to other members of the company’s executive team. Mr. [...]
SEOUL, April 21 (Korea Bizwire) — Hyundai Motor Co. has stopped the production of the Kona Electric for the domestic market in a move to phase out the model undergoing recalls over battery fires and shift its focus to Ioniq 5 EVs, company officials said Wednesday. The Kona EV is Hyundai’s bestselling EV model launched [...]
SEOUL, Feb. 25 (Korea Bizwire) — The pomp and circumstance of retirement ceremonies for university professors has changed significantly following the onset of the coronavirus pandemic. Many schools have either skipped ceremonies or held them online. It has become an even rarer sight for retiring professors to gather students to publish thesis compilations before they [...]