The average annual salary of South Koreans ranked mid to low among major economies last year, with its growth rate over the past six years also hovering below the median, a report said.　According to a report by Rep. Park Kwang-on of the ruling Democratic Party of Korea, South Koreans earned an average of $29,125 in 2016, the 23rd-highest among the 34 member nations of the Organization for Economic Cooperation and Development, excluding Turkey.　Switzerland topped the list with an average annual

World Business Nov. 12, 2017

　South Korea’s Korean Air has been named the 8th best airline in the world, according to the international aviation website AirlineRatings.com.　Air New Zealand claimed the top award for the fifth straight year followed by Qantas and Singapore Airlines.　The data was based on 13 major criteria including passenger reviews, in-flight product offerings, safety, profitability, fleet age and environmental policies.

World Business Nov. 9, 2017

　Presidents Moon Jae-in and Donald Trump, at their summit meeting in Seoul on Tuesday, agreed to lift all restrictions currently imposed on the payload of S. Korean missiles, as part of measures to greatly expand South Korea’s military capabilities. 　That means that Seoul can develop its own weapons to eliminate N. Korea's strategic assets. 

National Nov. 8, 2017

　Presidents Moon Jae-in and Donald Trump, facing the common challenge of dealing with North Korea, have spoken to each other through telephone calls and face-to-face meetings. 　Although both are less than a year into their terms, the leaders have held three in-person summit meetings already, with the latest taking place Tuesday during Trump’s state visit to S. Korea. 

World Nov. 7, 2017

　South Korea’s has been announced as the third powerful passport in the world with visa-free access to 157 countries, according to the Passport Index by global financial advisory firm Arton Capital.　Singapore ranked top spot with a visa-free score of 159. This is the first time an Asian country has been announced as having the most powerful passport, according to the data. 　The index ranks 199 citizenships on five factors including visa-free travel, international taxation, perception, dual citiz

World Nov. 6, 2017

　The number of billionaires worldwide rose above 1,500 last year, a 10 percent jump from 2015, due largely to a surge in Asia. 　In an annual report, Swiss banking giant UBS and auditors PricewaterhouseCoopers said that last year marked the first time it recorded more billionaires in Asia (637) than in the United States (563), crediting the rise of China‘s entrepreneurs.　Europe took trailed in the report’s billionaire database with 342. 　The total wealth controlled by the ultra-rich group also sh

World Business Nov. 5, 2017

　South Korea’s army trainees are given about 4.91 square meters of individual space at the army training center, smaller than the average solitary cell in prison, data revealed.  　According to the Defense Ministry data released by Rep. Lee Chul-hee of the ruling Democratic Party, a typical army trainee shares a squadroom with up to 40 other trainees during the 5-week intensive training for basic combat skills. Each room is about 4.91 square meters, about one third of the minimum housing space st

National Nov. 2, 2017

　About 1 in every 4 high school students in Korea sleeps less than six hours a night, due mainly to excessive studying, causing concern over their physical and psychological health, a lawmaker said, citing the results of an Education Ministry survey. 　According to the survey of 82,883 students at 765 high schools nationwide on their sleep between April and September last year, 43.9 percent of respondents reported that they had slept for less than six hours per night, Rep. Kim Byung-wook of the D

Social Affairs Nov. 1, 2017

　Russia is the top source country for ISIS fighters, with 3,414 of them joining the group. Four hundred have now returned home, as have 760 of Saudi Arabia‘s 3,244 fighters.　Across the European Union, 1,200 foreign fighters have returned out of 5,000 who flocked to war zones in the Middle East. The United Kingdom has the highest total in Europe with 425 individuals returning home while Germany and France have 300 and 271 respectively.　The report, released by the New York-based firm The Soufan Gr

World Oct. 31, 2017

 South Korean electronics giant LG Corp. took 10th place on the list of the World’s 500 Best Employers, according to a Forbes report.　Google parent company Alphabet, with a workforce of around 72,000 employees, topped the list after its employees credited it with having excellent working conditions, diversity and company image.　Microsoft ranked second, followed by Japan Exchange Group, Apple, and US-based oil and gas company Noble Energy.　Eighteen Korean companies are also on the list, including

Industry Oct. 29, 2017

　Chrome is the most popular browser in the world, used by 62.09 percent of web surfers. The advent of Chrome had signaled trouble for all other browsers. Today, it easily outperforms the likes of Internet Explorer and Mozilla Firefox. 　Mozilla Firefox and former market leader Microsoft Windows’ Internet Explorer are distant second and third most popular browsers. 　Other browsers like Yandex, Coc Coc and UC Browser are also far behind, according to data from StatCounter, a Dublin-based web analyt

World Business Oct. 26, 2017

　Environmental pollution - from filthy air to contaminated water - is killing more people every year than all war and violence in the world. More than smoking, hunger or natural disasters. More than AIDS, tuberculosis and malaria combined.　 A major study released in the Lancet medical journal says 1 in 6 premature deaths in the world in 2015 - about 9 million total - could be attributed to disease from toxic exposure. The financial cost from pollution-related deaths, sickness and welfare is equa

World Oct. 25, 2017

　Switzerland retained top spot as the most competitive economy for a ninth straight year, according the Global Competitiveness Index of the World Economic Forum’s Global Competitiveness Report 2017-2018.　Three Asian economies, Singapore, Hong Kong, and Japan, ranked in the top 10 of the study, which covered 137 economies. South Korea ranked 26th and China inched up one place to 27th.　The 12 categories looked at in the report are institutions, infrastructure, macroeconomic environment, health and

World Oct. 24, 2017

   The number of people with HIV in South Korea has nearly tripled over the past 10 years, data showed last week.   A total of 13,584 people had been diagnosed with HIV in 2016, up from 5,316 tallied in 2007, according to data from the Korea Centers for Disease Control and Prevention submitted to the National Assembly.   Patients in their 30s accounted for 27.2 percent of the total, followed by those in their 20s with 25.9 percent, those in their 40s with 21.3 percent, and those between 10 and 2

Technology Oct. 23, 2017

　South Koreans used a monthly average of 3.83 gigabytes of data on their smartphones last year, ranking eighth among member states of the Organization for Economic Cooperation and Development, according to a report by the OECD. 　Finland was No. 1 with monthly data usage on smartphones standing at 10.95 GB in 2016, followed by Latvia with 8.21 GB, Austria with 6.28 GB and Sweden with 4.38 GB. 　Among the surveyed OECD member states, the Netherlands ranked the lowest with an average monthly data us

World Business Oct. 22, 2017