SEOUL, Dec. 20 (Korea Bizwire) – South Korea remains at the forefront of an undesirable statistic among the member countries of the Organisation for Economic Co-operation and Development (OECD) – the highest senior poverty rate. This has been a persistent trend since the OECD began releasing data on each country’s elderly poverty rates in 2009. According [...]
INCHOEN, Feb. 3 (Korea Bizwire) — At a local boxing club in Incheon on Monday, an old man is seen flexing his muscles in front of a punching bag. Kim Byeong-min is a professional boxer in his 90s, born in the year 1933. He’s the only professional boxer in his age group in the country. [...]
TAEBAEK, Jan. 13 (Korea Bizwire) — An elderly person in his late 60s visited the administrative welfare center in Taebaek, Gangwon Province on Tuesday. He carried a 20-kilogram liquefied petroleum gas (LPG) cylinder. “This is a piggy bank that I made for myself. The amount of money I saved is not much but I hope [...]
SEOUL, Mar. 11 (Korea Bizwire) — A growing number of couples over the age of 60 are applying for divorce counseling, data released by a provider of free legal consultation services showed Monday. The Korea Legal Aid Center for Family Relations (KLACFR) said it handled 4,653 clients who wanted help with divorce last year, with [...]
SEOUL, Feb. 14 (Korea Bizwire) — The Seoul Metropolitan Government announced on Wednesday that it plans to deliver ‘pet plants’ to 6,000 seniors who are over 65 years old, living alone, and in the lower income tier. Since 2017, the city has been providing ivy, spearflower, and robust rubber trees to prevent solitary deaths and [...]
SEOUL, April 15 (Korea Bizwire) – South Koreans’ healthy life expectancy is estimated to be nine years shorter than the country’s average lifespan, data showed Saturday, urging local health authorities to beef up efforts to improve public health. The country’s average healthy life expectancy, which is defined by the anticipated lifespan of people without any [...]
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. 30 (Korea Bizwire) – Tapgol Park, located in central Seoul, is a popular destination for local seniors, with some 6,000 elderly visitors flocking to the park each day. In a move that is sure to appeal to the park’s faithful, construction work on an adjacent street has recently been completed, with a new [...]
SEOUL, Nov. 9 (Korea Bizwire) – Amid stagnant growth of local household consumption, a recent study indicated that the elderly will play an essential role in leading Korea’s future consumption. According to the report – Consumption Status of the Elderly and its Implications – compiled by the Bank of Korea’s research bureau, the contribution rate [...]
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 [...]