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Home Ownership Rate in South Korea Stands at 55.5% in 2016

Home Ownership Rate in South Korea Stands at 55.5% in 2016

SEJONG, Nov. 17 (Korea Bizwire) – The home ownership rate in South Korea came to 55.5 percent in 2016, data showed Friday. The annual data released by Statistics Korea said 10.7 million households out of 19.36 million across the country owned homes in 2016. Statistics Korea said 26.9 percent of 10.07 million households owned two [...]

Family Increasingly Prioritized Over Work for South Koreans

Family Increasingly Prioritized Over Work for South Koreans

SEJONG, Nov. 7 (Korea Bizwire) – Fewer than half of South Koreans now put work before family, according to a new survey. Findings from this year’s social survey revealed that the figure for those who prioritize work over family had dropped below 50 percent for the first time since records began at Statistics Korea. The [...]

Number of Temporary Workers Inches Up in 2017

Number of Temporary Workers Inches Up in 2017

SEJONG, Nov. 3 (Korea Bizwire) – The number of temporary workers in South Korea rose slightly this year from 2016, with its percentage also gaining ground, government data showed Friday. A total of 6.54 million workers were non-regular workers, part-timers and outsourced laborers as of August 2017, up 1.5 percent, or 98,000, from a year ago, according to the data by Statistics Korea. They accounted for 32.9 percent of the country’s salaried [...]

Busan to Lend Suits to Job Seekers Amid Growing Youth Unemployment

Busan to Lend Suits to Job Seekers Amid Growing Youth Unemployment

BUSAN, Sept. 29 (Korea Bizwire) – The Busan Metropolitan Government has announced plans to launch a complimentary suit rental service for young people who are preparing for job interviews in response to the growing issue of youth unemployment in the city. During a steering group meeting for employment policy on Thursday, government officials in Busan discussed [...]

Gap Between Single-Income and Dual-Income Households Narrows

Gap Between Single-Income and Dual-Income Households Narrows

SEOUL, Sept. 6 (Korea Bizwire) – Average incomes for dual-income and single-income households between April and June, at 5.47 million won and 3.69 million won, respectively, are the closest they have been since the fourth quarter of 2015 (October through December) according to figures provided by Statistics Korea. Dual-income households earned only 1.48 times what [...]

Number of South Korean Students Studying Abroad Hits 12-Year Low

Number of South Korean Students Studying Abroad Hits 12-Year Low

SEOUL, Jul. 7 (Korea Bizwire) — South Koreans’ highly favorable attitude towards studying abroad might be coming to an end, as the latest figures show the number of students under 19 years of age who went abroad for academic purposes dropped by a third over the past nine years. Data released by Statistics Korea on Thursday [...]