SEOUL, March 7 (Korea Bizwire) — Four out of 10 investors who buy small shares of iconic artworks through online platforms in South Korea are young generations, a local auction house said Monday. Among customers who have purchased a share of a single piece of art worth at least 10 million won (US$8,100) at a [...]
SEOUL, Feb. 19 (Korea Bizwire) — Growth in income for the generation of workers who came into the job market after the 1997 Asian financial crisis is slower than in the past, which will hurt overall earnings during their lifetimes, a research report said Tuesday. The study by Shim Hye-jung, head of the income and [...]
SEJONG, Aug. 22 (Korea Bizwire) — Unemployment numbers for the 25-39 age group, which normally represents new entrants to the job market, were at their highest in 19 years last month, state data showed Wednesday. The number of people without jobs in the age group hit 338,000 in July, the highest since 434,000 tallied in [...]
SEOUL, Sept. 14 (Korea Bizwire) — Young people in their 20s and 30s here have been buying fewer cars in recent years as they have difficulty finding jobs and car-sharing services here are more appealing to them, industry data showed Thursday. Those in their 30s bought a total of 144,360 vehicles in the first six [...]
SEJONG, July 1 (Korea Bizwire) – More young Koreans ended up working unskilled labor and temporary contract jobs last year. Employment figures show that many young people of working age even accepted employment opportunities that were far below their qualifications and capabilities. According to a recently published report entitled “Recent Employment Trend of Younger Generation and [...]
SEOUL, March 22 (Korea Bizwire) – For many years, “traditional” has been a euphemism for “dull” for young South Koreans. But lately there seems one exception: hanbok, or Korean traditional attire. On Thursday’s quaint cobblestones of Gyeongbok Palace, the largest royal palace of the Joseon Dynasty (1392-1910), a throwback to an ancient era is on [...]