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Lotte World Tower Turns into Giant Olympic Torch

Source | 2017/12/17 | | Permalink

The 123-story Lotte World Tower in Seoul, Korea's highest building, has turned into a giant Olympic torch to mark the 2018 Winter Olympics in Pyeongchang...More

Dementia Patients to Increase 5-Fold by 2050

Source | 2017/12/17 | | Permalink

As Koreans age, one out in six senior citizens in Korea is expected to suffer from dementia by 2050.

According to Chung Young-ho at the Korea Institute for Health and Social Affairs on Friday, there were 530,000 dementia patients in Korea in 2015, accounting for 8.05 percent of all senior citizens...More

Inheritances Total W10 Trillion a Year, Mostly in the Capital

Source | 2017/12/17 | | Permalink

Koreans inherited W51 trillion over the last five years, with 70 percent being concentrated in Seoul and surrounding Gyeonggi Province. According to data from the National Tax Service, W51.42 trillion worth of individual inheritances were reported to tax authorities from 2012 to 2016 (US$1=W1,095), with 45.1 percent going to recipients in Seoul and 25.6 percent in Gyeonggi Province. Next were Busan (W3.4 trillion), Daegu (W2.2 trillion) and Incheon (W1.8 trillion). In Seoul, Gangnam, Seocho and Songpa districts in turn accounted for 43.9 percent of total inherited assets in the capital and 19.8 percent of the nationwide total. The amount of inherited assets in...More

Labor Market Starts to Feel Impact of Low Birthrate

Source | 2017/12/17 | | Permalink

/Yonhap

Korea's record low birthrates seem to start having worrying effects on the labor market as it has led to a decline in the working-age population between 15 and 64.

The Korea Labor Institute said in a research paper last week that the number of newly employed workers next year is estimated at 296,000, about 10 percent less than this year's 324,000, due to dwindling numbers of economically active people and a retiring baby-boomer generation...More

[Orion's Drama News] Synthetics and Beasties

2017/12/16 | | Permalink

With the year nearly at its end, new drama concepts and trends are emerging for 2018. Artificial intelligence and science-fiction may just be getting their chance beyond romancing robots and "Alhambra: Memories of the Kingdom" certainly sounds interesting on paper. We are also one week away from the premiere of "A Korean Odyssey", so we get to enjoy a barrage of promotional goodies...More

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