SEOUL, Sept. 3 (Korea Bizwire) – Statistics Korea and Naver, the top big data holders in the public and private sectors respectively, have joined hands to create public value based on big data. On September 2, Statistics Korea announced that it signed an MoU with Naver, Korea’s top Internet portal operator, to construct a society prediction [...]
SEJEONG, August 4 (Korea Bizwire) – Even though consumption in Korea froze as a side effect of the Middle East Respiratory Syndrome (MERS) outbreak, the portion of online shopping increased, reaching an all-time high. With consumers avoiding crowded areas, online shopping presented a safe and convenient alternative. According to the ‘Sales Trend in Retail and Online [...]
SEOUL, July 24 (Korea Bizwire) – The Population and Housing Census that is held every five years will be conducted this year as a registration-based census for the first time, using big data such as resident registrations and family relation certificates. Statistics Korea will conduct the census on all Koreans and foreign residents in the [...]
Seoul, Jul. 13 (Korea Bizwire) — Unemployment is increasing, even though most are trying hard to find a job. One out of ten people are remaining jobless for over six months, despite the efforts they make to get a job. Experts see the phenomenon resulting from an increase in the number of people wanting to [...]
SEJONG, July 8 (Korea Bizwire) – The proportion of young people to the total population in South Korea dropped to the lowest level ever in 2015, affected by the country’s chronically low birthrate, government data showed Wednesday. According to the data by Statistics Korea, the number of people under age 14 accounted for 13.9 percent of the total population, down from 14.3 percent the year before and 21.1 percent in 2000. It marks the lowest percentage ever [...]
SEJONG, June 12 (Korea Bizwire) — South Koreans are cutting back on their cash gifts and donations as the economy remains sluggish, government data showed Friday. According to the data by Statistics Korea, transfer spending that includes cash given as wedding and condolence gifts fell in the first quarter after backtracking in the October-December period. [...]
SEJONG, June 9 (Korea Bizwire) — Job creation by South Korean listed companies has plunged over the past four years as weak demand force them to scale back investment and hiring, data showed Tuesday. According to the data by Statistics Korea and market research FnGuide, listed companies offered some six jobs for every 100 positions [...]
SEJONG, May 29 (Korea Bizwire) – South Korea’s industrial output dropped at a faster clip in April than a month earlier, a government report showed Friday, escalating concerns over the performance of Asia’s fourth-largest economy. According to the report by Statistics Korea, production in the mining, manufacturing, gas and electricity industries was down 1.2 percent [...]
SEOUL, May 22 (Korea Bizwire) – South Korea’s top central banker on Friday raised worries over bleak job market prospects for the younger generation in the coming years as the country is ready to extend the retirement age to 60 next year, echoing recent policy efforts aimed at revving up structural reform. “Employment is a [...]
SEOUL, April 8 (Korea Bizwire) — As two-income couples are increasing, more of them are leaving their children with their parents while they are at work. ‘Twilight Parenting,’ or ‘grand-parenting,’ is a newly coined term for this trend of elderly citizens in their 60s and 70s rearing their grandchildren. According to Statistics Korea, 2.5 million [...]