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Seniors Using More Online Banking and Shopping Services as Digitalization Takes Speed

Seniors Using More Online Banking and Shopping Services as Digitalization Takes Speed

SEOUL, April 14 (Korea Bizwire) — As the process of digitalization builds up speed amidst the spread of contactless services in the pandemic era, more people in their 50s and 60s are using online banking and shopping platforms. The Ministry of Science and ICT conducted a survey of 25,144 households and their 60,305 members over [...]

S. Korea’s Senior Citizens Suffer High Rate of Relative Poverty: Report

S. Korea’s Senior Citizens Suffer High Rate of Relative Poverty: Report

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 [...]

S. Korea’s Elderly Poverty Rate Falls Thanks to Basic Pension System

S. Korea’s Elderly Poverty Rate Falls Thanks to Basic Pension System

SEOUL, March 9 (Korea Bizwire) — South Korea’s elderly poverty rate, which was once the highest among Organization for Economic Cooperation and Development (OECD) member countries, has slipped to the 30 percent level for the first time. According to Statistics Korea, the nation’s elderly poverty rate for those aged 65 or older on the basis [...]