SEOUL, Jan. 31 (Korea Bizwire) — More than six out of every ten South Koreans continue to work after retirement, which is high compared to other developed countries. The Credit Suisse Research Institute (CSRI) conducted an online survey in September last year of 1,000 people with voting rights in 16 countries, including South Korea, the [...]
SEOUL, Jan. 17 (Korea Bizwire) — In the face of a growing aged population, the index for the quality of life for the elderly in South Korea is below average compared to other member countries of the Organization for Economic Cooperation and Development (OECD). In particular, South Korean ranked the lowest in social solidarity among [...]
SEOUL, Dec. 12 (Korea Bizwire) — The elderly in South Korea participate in long-term economic activities to support themselves, but the poverty rate is very high. According to a recent report from the National Assembly Research Service (NARS), Koreans’ life expectancy stood at 82.4 years as of 2016, ranking 10th among 36 Organization for Economic [...]
SEOUL, Nov. 22 (Korea Bizwire) — One in 10 middle-aged and senior citizens in Korea who live alone or belong to the lowest-income group were found to have no one to rely on for help in the face of a crisis. According to a survey conducted by the National Pension Service of 5,110 households across [...]
SEOUL, Nov. 12 (Korea Bizwire) — A recent study has revealed that seniors can reduce the risk of cardiovascular disease by exercising, even if they haven’t done it in a long time. Researchers from Seoul National University Hospital observed the level of physical activity, cardiovascular and cerebral health among 1.2 million seniors over 60 years [...]
SEOUL, Nov. 7 (Korea Bizwire) — Seniors are increasing in proportion among taxi drivers in Seoul. According to Seoul city councilman Chung Ji-kwon, taxi drivers in their 80s soared from 92 people in 2014 to 260 this year. Drivers in their 70s increased from 7,054 to 12,252 people during the same period. To ensure the [...]
SEOUL, Nov. 6 (Korea Bizwire) — Elderly South Koreans’ medical spending covered by the state health insurance program exceeded the 30-trillion-won (US$25.9 billion) mark to reach a record high in 2018, data showed Wednesday. Medical expenses for people aged 65 and older came to an all-time high of 31.8 trillion won last year, according to [...]
SEOUL, Oct. 6 (Korea Bizwire) — Seniors are the chief breadwinners for South Korea’s poorest households, with such family units generally having less than one member holding a steady job, data showed Saturday. According to the data from Statistics Korea, the average age of the chief breadwinners for households making up the bottom 20 percent [...]
SEOUL, Oct. 2 (Korea Bizwire) — The number of elderly South Koreans with mental health issues has risen sharply in recent years as the country scrambles to provide better health care for its citizens, a report showed Wednesday. In a report to the National Assembly, the Health Insurance Review and Assessment Service (HIRA) said that [...]
SEOUL, Oct. 1 (Korea Bizwire) — Social networks among senior citizens in South Korea turned out to be worst among leading advanced nations. Social networks are normally built on social activities such as leisure or attending religious institutions. Experts argue that male seniors with low income, low education, and who are living alone are most [...]