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 [...]
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 [...]
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, 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 [...]
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 [...]
SEJONG, Sept. 4 (Korea Bizwire) – Purchases made through mobile devices in South Korea hit a fresh record high in July as smartphones are widening their presence in the world’s most wired country, government data showed Monday. Mobile transactions through smartphones and tablets reached a record 4.01 trillion won (US$3.6 billion) in July, up 35.1 [...]
SEJONG, Aug. 30 (Korea Bizwire) -- South Korea’s fertility rate fell to a seven-year low in 2016 despite all efforts to tackle fewer babies being born in the country and the rapid population aging, government data showed Wednesday. The total fertility rate, or the average number of babies that a woman is projected to have [...]
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 [...]
SEJONG, July 6 (Korea Bizwire) – The number of South Korean overseas travelers and foreign visitors reached record highs last year thanks to a rise in more people entering the country, a government report showed Thursday. The number of international migrants, referring to those who stay in and out of South Korea for 90 days [...]
SEJONG, June 28 (Korea Bizwire) – The number of newborn babies in South Korea dropped for 17 months in a row in April, a government report showed Wednesday, in the latest sign that underscores challenges in boosting its low birthrate. About 30,400 babies were born in April, down 13.6 percent, or 4,800, from 35,200 tallied [...]