SEOUL, Oct. 18 (Korea Bizwire) – One out of 10 senior citizens have had thoughts about attempting suicide in the past year, a survey showed Tuesday. According to the survey conducted by the Korea Institute for Health and Social Affairs (KIHASA) on 853 people aged over 65, 10.3 percent said they have felt an impulse [...]
SEJONG, Sept. 29 (Korea Bizwire) – The ratio of senior citizens aged 65 and over in South Korea rose to an all-time high in 2015, underscoring the trend that the country’s population is aging at a fast pace, government data showed Thursday. According to the data by Statistics Korea, 6.57 million, or 13.2 percent of [...]
SEOUL, June 21 (Korea Bizwire) – Nine in 10 South Korean seniors are expected to live on the state pension in 2060, when the country’s national pension fund is estimated to dry up, a report said Tuesday. According to the report by the National Pension Research Institute, 91.3 percent of 17.62 million South Koreans aged [...]
SEOUL, May 26 (Korea Bizwire) – More people in the older generations are connecting to the Internet through their smartphones and other digital gadgets, although their use of applications was fewer in number and diversity than younger age groups, a survey said Thursday. Nielsen KoreanClick, basing its findings on mobile behavioral data from October 2014 [...]
SEOUL, May 14 (Korea Bizwire) – Korea’s aging society is affecting both consumers and businesses, as both the working class and consumers are growing older. According to the Hyundai Research Institute, the market for senior citizens was valued at 27 trillion won in 2012. The market is expected to increase by an average of 13 [...]
SUWON, May 9 (Korea Bizwire) – In 2012, Gyeonggi Province started a healthcare campaign aimed at senior citizens living alone, which turned out to be successful in reducing medical expenses and visits, and also depression. According to Gyeonggi Province, the average monthly medical expense for its 9,868 elderly citizens living alone dropped from 63,385 won [...]
Seoul, July 21 (Korea Bizwire) – A company where only ‘old folks’ are eligible to work will be launched. Dongjak-gu, a district in Seoul, announced on July 20 that they would establish a company called ‘Happiness for the Elderly Inc.’ that will employ elderly citizens over 60. The district will be investing all of the [...]
SEOUL, May 29 (Korea Bizwire) – In Korea, people are considered to be senior citizens at the age of 65. As senior citizens, Koreans can receive several benefits such as free transportation, government allowances, admission discounts and so on. However, as Korean society is aging faster than any other countries, many have argued that the [...]
POHANG, South Korea, Sept 04 (Korea Bizwire) – Pohang City has been so successful in supporting post-retirement job seekers that it is becoming a benchmark among several cities in Korea. Its market-driven characteristics are what made the projects gain much interest from job seekers and municipalities. One project, called ‘smiley shop,’ makes profit by collecting recyclable materials [...]