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 [...]
SEJONG, March 18 (Yonhap) — South Korea’s jobless rate rose sharply in February from a month earlier due to seasonal factors and more people seeking work, a government report said Wednesday. According to the report by Statistics Korea, the jobless rate stood at 4.6 percent last month, up from 3.8 percent in January and 0.1 [...]
SEOUL, Feb. 22 (Korea Bizwire) — More Koreans are starting to consider marriage as a dispensable life event. According to a survey conducted by Statistics Korea in 2014, 38.9 percent of Korean respondents over 13 said that they regarded marriage as dispensable while 2.0 percent of the respondents said that they considered marriage as completely unnecessary. [...]
SEOUL, Feb. 22 (Korea Bizwire) — The North Korean government is unfolding rather interesting measures to up its birth rate. Up until the 1980s, efforts were made to limit population growth by slowing down the birth rate. However, after a famine hit in the middle of the 1990s, causing millions of deaths, the government turned [...]
SEOUL, Feb. 9 (Korea Bizwire) — The tax burden for ordinary households in South Korea outpaced income gains in the first three quarters of 2014 by nearly double, official data showed Monday. According to figures provided by Statistics Korea, average income for a two-person household stood at 4,314,334 won (US$3,928.9) in the January-September period, up [...]
SEOUL, Sept. 13 (Korea Bizwire) – According to a recent survey by the Statistics Korea, single households are purchasing more lotteries or lottos than other multi-person households. On average, a single-person household spends 894 won (89 US cents) a month to buy the lottery, more than twice higher than 335 won (34 cents) of a [...]