SEOUL, June 15 (Korea Bizwire) – The number of people preparing for jobs surpassed the 700,000 mark in May for the first time ever, data showed Thursday, amid the rising unemployment among young people. The figure surged to 735,000 last month, up 13 percent from 656,000 a year earlier, the data by Statistics Korea said. [...]
SEOUL, June 2 (Korea Bizwire) – Nearly 4 in 10 employed South Koreans in their late 30s and 60s are interested in second jobs after retirement or are currently making preparations to that end, a poll said Friday. According to the survey of 1,213 people aged between 35 and 69, 30.1 percent of the respondents [...]
SEOUL, May 25 (Korea Bizwire) — A new report says that South Koreans who are undereducated have a lower chance of getting married and having children, while facing higher divorce mortality risks. South Korea’s education gap is posing a threat to social security, particularly among undereducated individuals, according to a report published Tuesday by Statistics Korea [...]
SEJONG, May 24 (Korea Bizwire) – The number of childbirths in South Korea sank for the 16th consecutive month in March as the country is struggling with a continuing trend of late marriage and a rapidly aging population, a government report showed Wednesday. About 33,200 babies were born in March, down 13.1 percent, or 5,000, [...]
SEOUL, May 17 (Korea Bizwire) – Despite growing demand for delivery apps that is creating tens of thousands of jobs, delivery people are overlooked by current labor laws in South Korea, leaving many of them vulnerable to legal loopholes and breaches of employee rights. Suitable to the busy lifestyle of South Koreans who want to enjoy [...]
SEJONG, April 25 (Korea Bizwire) – A large number of female workers in South Korea served at restaurant and cafeteria businesses in the second half of last year amid a protracted economic slump, a report said Tuesday. A total of 1.35 million women were hired by various eateries in the last six months of last [...]
SEJONG, April 19 (Korea Bizwire) – South Korea’s capital city and its surrounding areas saw their net residents move out from the region in 2015 amid rising housing costs, government data showed Wednesday. About 2.39 million people moved to the Seoul metropolitan area in 2015 from five years ago, while 2.55 million people changed their [...]
SEJONG, April 13 (Korea Bizwire) – One-member households are projected to increase sharply over the next few decades as rapid demographic changes speed up a trend toward smaller family units, a government report showed Thursday. Households consisting of a single member will reach 8.1 million in 2045, accounting for 36.3 percent of the total families [...]
SEJONG, April 10 (Korea Bizwire) – Korea’s financial services industry recorded 9.2 percent in output growth last year largely driven by interest revenues from growing household loans, government data showed on Sunday. According to Statistics Korea, the year-on-year production growth of financial institutions in 2016 was more than triple the 3 percent reported for the overall services industry. By institution, banks gained 9 percent, the highest since 11.8 percent in 2008. Nonbank [...]
SEOUL, March 24 (Korea Bizwire) – Crime in South Korea is on the rise, while the number of volunteers is continuously falling, according to a new report by Statistics Korea published yesterday. The surprising findings revealed that only 10.4 percent of individuals younger than fifteen participated in any type of volunteer work over the past [...]