SEOUL, Nov. 3 (Korea Bizwire) — Almost half of South Korean senior citizens receiving pensions are reluctant to stop working, a report said Wednesday. The Federation of Korean Industries analyzed the five-year data provided by Statistics Korea, which showed that as of May of this year, there were more than 3.7 million seniors in the [...]
SEOUL, Nov. 1 (Korea Bizwire) — The recent spike in the number of seniors returning to the labor market reflects a deteriorating quality of life led by rising consumer prices, a central bank report said Monday. The Bank of Korea report said that the number of seniors over 60 years of age who got new [...]
SEOUL, Oct. 31 (Korea Bizwire) — The cognitive function and quality of life among seniors who partake in rearing their grandchildren are higher than those who do not, a report showed Sunday. The Korea Institute for Health and Social Affairs analyzed the Korean Longitudinal Study of Aging conducted every two years from 2008 to 2020 [...]
SEOUL, Oct. 24 (Korea Bizwire) — The recent service outage of Kakao Corp. has put a spotlight on seniors sidelined from the digital era, as the inconvenience that the younger generation had to go through for a couple of days is similar to what seniors experience every day. For seniors, Oct. 15-16 were just like [...]
SEOUL, Oct. 18 (Korea Bizwire) — While employment in the manufacturing industry is recovering, there were more recruits from the older generation than the younger generation, data showed Monday. There were 4.53 million people employed in the manufacturing sector in August, up 240,000 from last year, according to Statistics Korea. Sorted by age, the number [...]
SEOUL, Oct. 6 (Korea Bizwire) — There are around 15,000 seniors who collect cardboard for a living and they were found to earn far less than the minimum wage, data showed Wednesday. Rep. Kang Sun-woo of the Democratic Party referred to a report from the Korea Labor Force Institute for the Aged, which showed that [...]
SEOUL, Sept. 15 (Korea Bizwire) — Around 45 percent of household heads over 65 years of age engaged in wage worker earn less than 1 million won (US$717) each month, data showed Wednesday. Statistics Korea reported that 44.6 percent of wage workers over 65 years of age make less than 1 million won in labor [...]
SEOUL, Sept. 14 (Korea Bizwire) — Seniors are struggling with the increasing number of restaurants taking orders exclusively through apps or social media platforms, catering to the high demand from the younger generation in certain areas. A 54-year-old individual surnamed Baek had to leave a famous macaron store in Seoul’s Gangnam District empty-handed because the [...]
SEOUL, Sept. 10 (Korea Bizwire) — The risk of a traffic accident is significantly higher among Koreans over 70 years of age, and the risk rises even further among those over 80 years of age, a major non-life insurer said. Samsung Fire & Marine Insurance Co. reported that between 2017 and 2021, the number of [...]
SEOUL, July 8 (Korea Bizwire) — The Seoul Metropolitan Government said Thursday that it will introduce a new virtual reality (VR) program that allows seniors to revisit their happiest moments. The city held a demonstration of the program at a local welfare center, where seniors could revisit their lost hometowns, places they’ve visited with their [...]