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 [...]
SEOUL, June 21 (Korea Bizwire) — The quality of employment among women and seniors has deteriorated during the pandemic era, South Korea’s central bank said Monday. The Bank of Korea (BOK) reported Monday that 41.6 percent of female senior workers over 60 years were categorized as ‘more-or-less vulnerable’ as of April this year, while 3.4 [...]
SEOUL, June 3 (Korea Bizwire) — Seniors with cardiovascular diseases can lower their risk of death through regular exercise, a study showed Thursday. A research team from Severance Hospital conducted a study of 6,076 seniors (average age of 72 years) diagnosed with cardiovascular diseases during the 2003 to 2012 health examinations and looked at how [...]
SUWON, May 19 (Korea Bizwire) — Most senior citizens in South Korea want to continue working until the age of 71, a recent survey showed. The Gyeonggi Research Institute conducted a nationwide survey of 500 employed seniors over 60 years of age, 97.6 percent of whom wanted to continue working. Among them, 46.3 percent wanted [...]
SEOUL, May 9 (Korea Bizwire) — Seniors with dementia have seen their symptoms worsen at a much faster rate after being cut off from society during the pandemic era. Choi Ho-jin, a professor of neurology at Hanyang University Guri Hospital led a team that published an article in Dementia and Neurocognitive Disorders, a journal published [...]
SEOUL, May 9 (Korea Bizwire) — The number of elderly individuals living alone in Seoul has exceeded the 350,000 level, data showed Sunday. According to data from Statistics Korea, the number of seniors over 60 years of age living alone in the capital city totaled 355,000 as of 2020, up about 30,000 compared to a [...]
SEOUL, April 19 (Korea Bizwire) — Most senior tech entrepreneurs established their own businesses on the basis of their experience at previous jobs, a survey showed Monday. The Korea Institute for Industrial Economics and Trade conducted a survey of 222 tech founders older than 40 years old, who established their own businesses in the areas [...]
SEOUL, April 15 (Korea Bizwire) — One third of South Koreans will be over 65 years of age by 2040, indicating that senior population will triple in proportion to the productive age population between 15 and 64 years of age, a report showed Thursday. The country’s overall population will shrink from 51.84 million in 2020 [...]