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Fri, February 23, 2024 | 16:09
Central bank's rate committee warns on household debt
Until the global financial crisis erupted in 2008, the U.S. Federal Reserve Board and other institutions had said America’s household debt would not pose a big problem. Instead of remaining complacent like them, Korea needs to approach the debt issue under the hypothesis that major problems are lurking in some corners.
Korean youngsters economically polarized from start
There is a man, surnamed Kang, 25, who has been living as a job applicant since he graduated from university eight months ago. He writes cover letters and attends private institutes to obtain various certificates during the day and works part-time at a convenience store at night. He is yet to repay the 20 million won ($17,800) he borrowed from banks as a student.
Collegians respect firefighters most, politicians least
College students have selected firefighters as people who do the most important work but are least appreciated. The collegians also picked firemen as the profession they respect most.
'KOTRA helped youth find jobs in war-criminal firms'
The Korea Trade-Investment Promotion Agency (KOTRA) has offered young people work in Japanese “war-criminal” enterprises, a lawmaker said Tuesday.
Fight rages on for Gaeseong compensation
Several months after the South Korean government unilaterally closed the Gaeseong Industrial Complex, the long, tedious tug-of-war between officials and businesspeople over compensation is not over
Drug makers knock on global market doors with new products
Korean drug makers, getting over the brief lull after Hanmi Pharmaceutical’s canceled contract on its new lung cancer treatment, are stepping up efforts to enter global markets with new products.
Female workers in local governments unwilling to marry
Of about 100,000 female employees in local governments, more than 30,000 remain single, with their unmarried rate twice that of their male counterparts.
China-Japan 'collabo' threatens strongholds of Samsung, LG
Since the turn of this decade, cash-rich Chinese companies have taken over, one by one, the well-known Japanese makers of home appliances. Starting with Sanyo in 2011, such household names in consumer electronics as NEC, Sharp, Toshiba and Fujitsu have sold off their units making finished appliances, including white goods and PCs, to their newly surfacing Chinese rivals.
Poor preparation, safety net make old people's lives hard
Koreans’ life expectancy is 83.1 years but their “happy lifespan” is 74.9 years, showing a gap of 8.2 years, a survey says.
40% of pregnant women 'receive no care' in public space
Much has been said about Korea’s notoriously low birthrate and how the consequent “population precipice” will destroy the economy and national survival itself.
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