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Sun, February 25, 2024 | 23:44
Concentration of people in Seoul makes life harder
Now that Chuseok (Korean Thanksgiving Day) is over, another “mass migration” is going on, as up to 20 million Koreans head home. At least half the traffic will be to and from the capital city of Seoul.
Conservative presidential hopefuls scramble to win support
With the presidential election about 15 months away, there are seven potential nominees each in conservative ruling and liberal opposition camps. In the conservative camp, U.N. Secretary-General Ban Ki-moon is at the top of the pack, as shown in almost every survey. The highest international official Korea has produced is enjoying a comfortable lead in popularity over his com...
Wide gap between ideals and reality in retirees' lives
Koreans aged 50 or older think they need 2.88 million won ($2,600), on average, a month to lead a decent life after retirement. Actually, however, retirees are living on an average of 1.9 million won a month and 35 percent of them have experienced shortages of money.
Relatives' nagging gives young Koreans 'holiday blues'
Seven out of every 10 working Koreans experience stress during traditional holidays, including Chuseok (Korean Thanksgiving Day).
Saving 16 years' income can buy home in Seoul
To buy a house in Seoul, an average Korean has to save all his or her income, besides taxes, for 16 years. The Citizens’ Coalition for Economic Justice (CCEZ) said so Tuesday, based on its analysis of regional home prices and household income using data from the Korea Appraisal Board and Statistics Korea.
Younger Koreans skeptical about meaning of ancestral rites
Chuseok (Korean Thanksgiving Day), along with lunar New Year’s Day, are Korea’s two biggest traditional holidays _ and the biggest headaches for housewives who have to prepare all the food for ancestral rites.
Rice price plunge hurts farmers in bumper year
It is with uncomfortable feelings that Kim Mun-shik, a farmer in Boeun County, South Chungcheong Province, is watching his warehouse bursting with newly harvested rice. “Can you believe it, if the bumper crops bring tears to our eyes?” Kim said.
Ranking officials 33 times more exempted from military service
One in every 10 high-ranking officials has been exempted from compulsory military service. Given fewer than one in every 100 ordinary people experiences a similar benefit, the senior officials’ rate of exemption from mandatory army service is unduly high, said Rep. Kim Jung-ro of the opposition People’s Party, Monday.
Surge in subsistence loans reflects low-income families' plight
The Bank of Korea recently released statistics that point to a surge in borrowing by low-income households, raising further concerns about household debt.
Seoul sets about upgrading lagging corporate governance
Korea was ranked last out of 61 countries in a recent survey of corporate practices, conducted by the Swiss-based International Institute for Management Development (IMD). The nation also was eighth out of 11 Asian countries in corporate governance structure, as assessed by the Asian Corporate Governance Association (ACGA).