SEJONG, Dec. 19 (Korea Bizwire) – Less than 20% of South Koreans moved up the income ladder in the past year, according to new data released by Statistics Korea on December 17, highlighting growing concerns about social mobility in the country. The comprehensive “Income Mobility Statistics 2017-2022″ report, which analyzed data from 11 million individuals, reveals [...]
Fairfax, VA, Sept. 18, (Korea Bizwire) — Multiple national college rankings released in recent weeks have placed George Mason University among America’s top 50 public universities, top 100 among all public and private institutions, and Virginia’s No. 1 university for social mobility. Released today, U.S. News & World Report’s Best Colleges 2024 rankings puts Mason at #51 [...]
SEOUL, Aug. 24 (Korea Bizwire) — The Korea Economic Research Institute held a seminar on August 23 regarding social mobility and education, where Professor Lee Joo Ho of the Korea Development Institute presented his findings on the correlation between children’s school grades and a family’s economic, social and cultural standing (ESCS). His research was based [...]
SEOUL, June 9 (Korea Bizwire) – Nearly seven in ten Seoul residents say they have little to no hope of moving up the social ladder, giving social equality in South Korean society a score of 4.5 on a scale of one to ten. When asked about the prospects of improving their social and financial status [...]
SEJONG, Feb.10 (Korea Bizwire) – A recent study has revealed that higher income groups spend eight times more money on education per month compared to lower income groups. Considering that education is often seen as a means to improving social status, some are concerned that the wide disparity in education expenditures is leading to a [...]