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Half of Elderly South Koreans Prioritize Their Own Lives Over Children and Grandchildren

Half of Elderly South Koreans Prioritize Their Own Lives Over Children and Grandchildren

SEOUL, Sept. 25 (Korea Bizwire) – Among apartment residents over the age of 60, close to 50 percent believe their life is more important than that of their children and grandchildren. On Sunday, Focus Media Korea, the operator of Elevator TV, unveiled the results of a survey of 229 elderly individuals over 60 residing in apartment [...]

Suicide Rate Drops After COVID-19 Pandemic Ends

Suicide Rate Drops After COVID-19 Pandemic Ends

SEOUL, Sept. 22 (Korea Bizwire) – South Korea witnessed a decline in its suicide rate and the number of suicide deaths last year compared to a year earlier but suicides among teenagers and individuals in their 40s increased.  The overall decline in the suicide rate can be attributed to the return to normalcy following the termination [...]

25% of Closed Schools Remain Abandoned Without Being Reused as Other Facilities

25% of Closed Schools Remain Abandoned Without Being Reused as Other Facilities

SEOUL, Sept. 22 (Korea Bizwire) –  The number of closed schools is increasing across the country due to a low birth rate and population concentration in metropolitan areas. However, one out of four closed schools remains abandoned without being repurposed. According to data on the current trend of closed school assets compiled by city and provincial [...]

54.2 Bil. Won in Wildlife-Induced Agricultural Crop Damage Over the Past Five Years

54.2 Bil. Won in Wildlife-Induced Agricultural Crop Damage Over the Past Five Years

SEOUL, Sept. 22 (Korea Bizwire) –  The value of damage to agricultural crops caused by wildlife such as boars and elk amounted to 54.2 billion won over the past five years.  According to data received by Eoh Kiy-ku, a lawmaker from the Democratic Party, from the Ministry of Agriculture, Food and Rural Affairs and the Agriculture [...]

Seven Korean Companies Secure Spots on Deloitte Korea’s 2022 List of Top 100 Global Builders

Seven Korean Companies Secure Spots on Deloitte Korea’s 2022 List of Top 100 Global Builders

SEOUL, Sept. 20 (Korea Bizwire) – Samsung C&T Corp. and six other South Korean companies have ranked among the world’s top 100 builders based on their 2022 sales, Deloitte Korea said Wednesday. Samsung C&T, the construction and trading arm of South Korea’s No. 1 conglomerate Samsung Group, placed 15th, down two notches from a year [...]

Cross-border Shopping from S. Korean Consumers Nearly Tripled from 2018 to 2022: Data

Cross-border Shopping from S. Korean Consumers Nearly Tripled from 2018 to 2022: Data

SEOUL, Sept. 19 (Korea Bizwire) — Direct purchases South Koreans made from overseas almost tripled over the past four years, data from the Korea Customs Service showed Tuesday. According to the data submitted to Rep. Han Byung-do of the main opposition Democratic Party, South Korean shoppers made about 96,120,000 cross-border purchases online in 2022, up [...]

Only 47% of Korean Adults Recognize Heart Attack Symptoms

Only 47% of Korean Adults Recognize Heart Attack Symptoms

SEOUL, Sept. 19 (Korea Bizwire) – Among South Korean adults, less than half are aware of the early symptoms of a heart attack (myocardial infarction).  According to the Korea Disease Control and Prevention Agency, a regional community health survey conducted last year of 230,000 Korean adults over 19 years of age across the country showed that [...]

Majority of Koreans Complain that Taxes Are Too High Compared to Social Security Benefits

Majority of Koreans Complain that Taxes Are Too High Compared to Social Security Benefits

SEOUL, Sept. 18 (Korea Bizwire) – A recent survey showed that about two out of three Koreans believe they are paying too much in taxes compared to the social security benefits they receive.  The share of those who said they would not like to pay more taxes or social insurance fees even if welfare benefits were [...]

Alarming Surge in Car Accidents Involving Elderly Drivers Sparks Concerns

Alarming Surge in Car Accidents Involving Elderly Drivers Sparks Concerns

SEOUL, Sept. 18 (Korea Bizwire) — Newly released data indicates a concerning surge in car accidents involving drivers aged 65 and older, marking a record high in the past year. This uptick has been a persistent trend since 2017, with a brief interruption attributed to the COVID-19 pandemic in 2020. Unfortunately, this pattern has resumed since [...]

Korea’s Changing Family Landscape: Fertility Rate Halves, Single-Person Households Surge

Korea’s Changing Family Landscape: Fertility Rate Halves, Single-Person Households Surge

SEOUL, Sept. 18 (Korea Bizwire) – In the past 30 years, the number of children born to each family in Korea has decreased by half, and the number of people living alone has more than doubled in the past 20 years, according to a recent report. On Sunday, the Ministry of Health and Welfare announced the [...]