SEOUL, Nov. 20 (Korea Bizwire) — The number of car accidents caused by senior drivers more than quadrupled over the past 10 years, insurance data showed Monday, leading to 304.8 billion won (US$277.21 million) in damage. The accident tally for private drivers from the Korea Insurance Development Institute showed there were some 29,000 accidents caused [...]
SEOUL, Sept. 7 (Korea Bizwire) — South Korea is expected to see the number of single senior household heads jump in the future and exceed 1 million in about a quarter-century, a government agency said Thursday. According to Statistics Korea, the number of unmarried household heads aged 65 and older is forecast to increase steadily [...]
SEJONG, May 8 (Korea Bizwire) – South Korea has the highest employment rate of seniors among advanced countries due to the rapid aging and insufficient social welfare system, data said Monday. The employment rate of South Koreans aged 75 or older reached 17.9 percent in 2015, ranking first among 25 members of the Organization for [...]
SEOUL, May 8 (Korea Bizwire) – Samsung Electronics Co.’s Galaxy Folder LTE and Galaxy J series, along with LG Electronics Inc.’s Wine Smart Jazz smartphones, are the most preferred mobile devices by South Korean seniors, industry data showed on Monday. According to the data compiled by SK Telecom Co., the country’s top mobile carrier, there [...]
SEOUL, April 7 (Korea Bizwire) – With South Korea’s population aging expected to accelerate, the market for food targeting senior consumers is also growing, according to a recent government report. A 2015 food market analysis report by the Ministry of Agriculture, Food and Rural Affairs (MAFRA) and Korea agro-Fisheries & Food Trade Corporation (aT), showed [...]
SEOUL, Nov. 10 (Korea Bizwire) – A growing number of elder South Korean citizens are traveling abroad, prompting local travel agencies to offer new options to lure affluent seniors with ample leisure time, industry officials said Thursday. The latest trend reflects the changing demographic trend in the rapidly aging society as more baby boomers retire [...]
SEOUL, March 28 (Korea Bizwire) – Data shows that one out of four people who filed for bankruptcy is over the age of 60, a stark indicator of the increasing worries over an ageing society and widespread poverty among seniors. Koreans in their 50s usually have financial difficulties that result from being economically active, such as [...]
SEOUL, Feb. 19 (Korea Bizwire) - Kim Man-bok takes pride in being able to walk up subway stairs and talk over his cellphone without a hearing aid at the age of 76. After getting bored of spending time in parks and mountains, the retired trade company official went out of his comfort zone to do something [...]
SEOUL, Jan.22 (Korea Bizwire) – New data shows that suicidal thoughts among seniors dropped in half when they had a friend that cared for them. According to the Ministry of Health and Welfare, after the launch of a ‘friend-making project’ for seniors living alone, the number of friends seniors had increased to 1.65 from 0.57, [...]