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 [...]
PAJU, July 8 (Korea Bizwire) — The Paju city government in Gyeonggi Province has launched a pilot project to monitor the safety of its elderly citizens by analyzing their TV watching patterns through TV rating equipment, as part of efforts to respond to dementia and solitary death issues. In collaboration with the Papyeong-myeon district office [...]
SEOUL, July 5 (Korea Bizwire) — Loans issued to seniors over 60 years of age from insurance companies jumped last year, a lawmaker said Monday, citing data from the Financial Supervisory Service. Loans taken out by seniors over 60 years of age from insurance companies reached 11.16 trillion won (US$8.55 billion) as of late December [...]
SEOUL, July 1 (Korea Bizwire) — A recent public opinion survey showed that those who support the idea of raising the age hurdle for offering free access and basic pensions for seniors outnumber those who oppose it by a significant margin. Embrain Public, KSTAT Research, Korea Research and Hankook Research jointly conducted a National Barometer [...]
SEOUL, June 22 (Korea Bizwire) — More than half of the income earned by seniors in South Korea turned out to be labor wages, indicating that a lot of seniors still work after retirement to sustain their livelihood, a report said Tuesday. The report titled “Pensions at a glance 2021″ published by the Organization for [...]