SEOUL, Nov. 14 (Korea Bizwire) – A recent study has shown that permanent employees with higher wages have a higher chance of marriage in Korean society, indicating that the country’s unstable job market with a high percentage of temporary positions (22.4 percent, 2013) is contributing to a low marriage rate and declining birthrate. According to [...]
SEOUL, Oct. 10 (Korea Bizwire) – Recent data has shown that the polarization of wealth has grown more apparent for youth as an increasing number of college students are struggling under the burden of student loans, while a chosen few thrive with their inherited fortunes. According to the Korea Student Aid Foundation, 2.51 million college [...]
SEOUL, July 6 (Korea Bizwire) – South Koreans with financial assets worth more than 1 billion won (US$860,000) jumped 15.9 percent last year from a year earlier helped by increased returns from their investments in equities and real estate, a private think-tank report said Wednesday. The number of such deep-pocket Koreans climbed to 211,000 in [...]
SEOUL, Korea, April 30, 2014 (Korea Bizwire) – A study shows that “wageless growth,” which is an economic phenomenon in which real wage goes down while labor productivity is increased, was most prominent in Korea among major developed economies. According to a research report published by the Korea Institute of Finance “International Comparison on Wageless [...]