SEJONG, Nov. 9 (Korea Bizwire) – More than half of South Koreans believe that the younger generation has a lower chance of climbing the social ladder. In addition, seven out of 10 elderly people live separately from their children, and eight out of 10 of them earn their living independently. Statistics Korea announced the results of [...]
SEJONG, Nov. 25 (Korea Bizwire) — More than half of South Koreans believe their children cannot move up the social ladder, a survey showed Monday. The survey released by Statistics Korea showed that 55.5 percent of those surveyed said they do not think their children can ascend to a higher social status, down from 55 [...]
SEOUL, Jan. 10 (Korea Bizwire) — A recently released report from the Korea Institute for Health and Social Affairs indicates that the number of young adults hoping for higher social status has sharply decreased. Young adults no longer believe moving up the social hierarchical ladder is possible without inheriting wealth from their parents. Not so [...]