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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 [...]

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 [...]

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 [...]

Dating Violence Cases Rise, But Formal Arrests Fall over Past 3 Years: Police Data

Dating Violence Cases Rise, But Formal Arrests Fall over Past 3 Years: Police Data

SEOUL, Sept. 15 (Korea Bizwire) — The number of people apprehended for dating violence has risen steadily over the past three years, but the rate of their formal arrests has dwindled, police data showed Friday. The number of people apprehended over dating violence charges rose from 9,823 in 2019 to 12,828 last year, an uptick [...]

One in Ten Female Employees Encounter Unwelcome Advances in the Workplace

One in Ten Female Employees Encounter Unwelcome Advances in the Workplace

SEOUL, Sept. 13 (Korea Bizwire) — A recent survey has revealed that the number of female employees who have experienced unilateral romantic advances from their colleagues is three times higher than that of male workers.  Furthermore, 8 in 10 salaried workers believe that South Korean society is still not safe from stalking crimes. The civil organization [...]

Survey Reveals Strong Public Support for South Korea’s Large Corporations and Focus on Job Creation

Survey Reveals Strong Public Support for South Korea’s Large Corporations and Focus on Job Creation

SEOUL, Sept. 13 (Korea Bizwire) — A recent survey shows that more than half of South Korean citizens have a favorable opinion of large corporations, and their top expectation from these companies is job creation. According to a survey commissioned by the Federation of Korean Industries (FKI) and conducted by the polling firm Monos Research, among 1,005 [...]