SEOUL, Jun. 5 (Korea Bizwire) – South Korea’s leading food delivery platform, Baemin, has announced that its delivery riders working over 40 hours per week earned an average monthly income of 3.93 million won from January to April this year. This figure represents a notable increase of 400,000 won (11.3%) compared to the same period in [...]
SEOUL, May 20 (Korea Bizwire) – The average rental income for individuals in the top 0.1% of landlords residing in Seoul neared a staggering 1.3 billion won, highlighting a stark divide in the capital compared to other regions of South Korea. The average for this elite tier in Seoul was 4.7 times higher than in Sejong, [...]
SEOUL, Apr. 1 (Korea Bizwire) – A survey of South Korean office workers has revealed that an automatic parental leave system paired with income protection during leave is viewed as the most critical labor policy needed to address the nation’s chronically low birth rates. According to the civic group Gabjil 119, which polled 1,000 office employees, [...]
SEOUL, Mar. 20 (Korea Bizwire) – South Koreans feel happier and perceive their social status as higher when their household incomes are larger, according to an annual government survey released on March 19 that highlighted the nation’s emphasis on economic growth over wealth distribution. The 2023 Social Integration Survey conducted by the Korea Institute of Public [...]
SEJONG, Mar. 4 (Korea Bizwire) – For working mom Park Soo-jin, 40, from Seoul, each day with her two-year-old is filled with joy. She occasionally entertains the thought of having a sibling for her child but has no immediate plans for a second child, largely due to the daunting prospect of a career gap from maternity leave [...]
SEJONG, Nov. 20 (Korea Bizwire) – More than one-third of South Korean teenagers say that income is their foremost consideration when selecting a career. Over the last decade, the significance of income as a decisive factor in job selection has consistently risen, surpassing both aptitudes and interests. This shift has resulted in a pronounced inclination towards [...]
SEJONG, Oct. 31 (Korea Bizwire) – Among South Korean individuals between the ages of 55 and 79 who are receiving pensions, close to one-third have expressed a desire to work to make ends meet. Half of the older individuals receiving pensions are currently employed, and this proportion increases even further among those who are not recipients [...]
SEJONG, Oct. 30 (Korea Bizwire) – A recent study has shed light on the substantial income growth within the field of medicine, often perceived as a high-paying profession. In the past seven years, physician income has surged at an impressive rate, outpacing other leading professions, such as lawyers. Compared to lawyers, who are traditionally considered to [...]
SEOUL, Oct. 20 (Korea Bizwire) – Close to half of all law school students in South Korea were found to be high-income earners. In some law schools, the proportion of high-income students exceeded 70 percent. According to data from the Korea Student Aid Foundation regarding the income status of law school students for the 2022-2023 period, 44 [...]
SEOUL, Sept. 14 (Korea Bizwire) — Low-income South Koreans with income levels below the national average tend to opt for early old-age pensions, while higher-income individuals delay receiving their old-age pensions to benefit from a larger pension payout, recent statistics show. According to data that Han Jeoung-ae, a Democratic Party lawmaker and member of the National [...]