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Undereducated Less Likely to Marry and Have Children in South Korea

Undereducated Less Likely to Marry and Have Children in South Korea

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 [...]

Korea’s Financial Services Industry Saw Robust Growth Last Year

Korea’s Financial Services Industry Saw Robust Growth Last Year

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 [...]

Recent Years in Numbers: Crime Rose, Volunteering Decreased

Recent Years in Numbers: Crime Rose, Volunteering Decreased

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 [...]

Use of Free Microdata Rising Sharply

Use of Free Microdata Rising Sharply

SEJONG, July 18 (Korea Bizwire) – Microdata refers to information from a basic original database that’s created based on statistics and analytical studies, for which input errors and invalid data have been corrected to offer a better user experience. According to Statistics Korea, the total usage of microdata provided by the institution from December 2015 to [...]

Statistics Korea to Open Exclusive Office for Big Data Analysis

Statistics Korea to Open Exclusive Office for Big Data Analysis

SEOUL, Sept. 23 (Korea Bizwire) – In order to strengthen its customized statistics service in line with the “Government 3.0” era, Statistics Korea will reorganize its structure and establish an office devoted to big data analysis. With the reorganization, the national statistics office will transform its Information and Service Bureau into a Statistics Data Hub [...]