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Bottom-Rung Incomes Fall Despite Minimum Wage Hike

Source | 2018/05/27 | Permalink

The average earnings of low-income households fell to the lowest level on record in the first quarter of this year despite a minimum wage hike that was supposed to help the working poor.

At the same time the average income of the top one percent surged to a record high, casting doubt on government policies for more equitable distribution of wealth...More

Korea Ranks Dismally Low in Labor Relations

Source | 2018/05/27 | Permalink

Korea ranked 73rd among 137 countries in terms of labor market efficiency last year and near the bottom at 130th in labor relations...More

Childbirths Fall to Fresh Record Low

Source | 2018/05/27 | Permalink

Fewer than 90,000 children were born in Korea in the first three months of this year, a fresh record low, but deaths exceeded the 80,000 mark for the first time.

The birthrate has been dwindling despite government spending worth more than W200 trillion to tackle the issue over the past decade (US$1=W1,083)...More

South Korea Celebrates Birthday of Buddha

Source | 2018/05/27 | Permalink

In celebration of Buddha's 2,562nd birthday, temples throughout South Korea have been adorned with colorful lanterns and decorations...More

Combat Robots to Make up for Manpower Downsizing

Source | 2018/05/27 | Permalink

The military expects to make up for dwindling troop numbers with unmanned equipment and combat robots by the mid-2020s.

Seoul's defense reform program envisages dwindling service personnel over the next decade due to the low birthrate, downsizing the standing army from 618,000 this year to 500,000 in 2022. It hopes to make up for any shortfall with state-of-the-art automated equipment...More

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