SEOUL, May 28 (Korea Bizwire) – About 4 out of 10 middle-aged South Koreans are burdened with “double care”, where they have to support their single children in adulthood along with their elderly parents. According to a report released by the Korea Institute for Health and Social Affairs, 39.5 percent of the 1,000 middle-aged people [...]
SEOUL, Apr. 24 (Korea Bizwire) — South Korea’s industry ministry said Wednesday it would spend 70 billion won (US$61 million) to support local shipbuilders’ efforts to recover from an industrywide slump. The Ministry of Trade, Industry and Energy said the newly earmarked spending will center on helping local shipyards tap deeper into the market for [...]
BUSAN, Aug. 16 (Korea Bizwire) — In response to an outpouring of public support for “Taeyangi,” a dog that was deeply hurt after engaging in a bloody battle with a wild boar that attacked hikers near Sorim Temple, which is situated in mountainous terrain near Busan, the dog’s owner politely refused to accept cash donations [...]
SEOUL, Feb. 11 (Korea Bizwire) - South Korea said Thursday that it will come up with a set of measures to support its firms operating at a joint factory park in North Korea to help minimize any fallout from the shutdown. On Wednesday, the Seoul government announced that it will stop the operation of the factory [...]
SEOUL, May 9 (Korea Bizwire) – A survey said the conventional idea of the eldest son living with his old parents is almost disappearing. According to a recent survey by the Planned Population Federation of Korea on 1,466 married men and women, 44.6 percent of respondents said “It is better for parents to live apart from their [...]