Children born to low-income parents outside the Seoul metropolitan area are more likely to remain in the same economic bracket as their parents if they stay in their hometowns, according to a joint report released on Wednesday.
Generation MZ is becoming more strapped as the income for MZers grew less than the income of older generations in recent years, held back by Korea’s plateauing economic growth.
Authorities must closely watch the real estate market and the financially-weak and prepare multi-faceted measures against various scenarios.
The government and People Power Party (PPP) promised Wednesday support for young job seekers and low-income households in next year's budget.
More people in their 20s and 30s are taking Korea's basic welfare payment, which in the past was the domain of the elderly poor.
Mayor Oh Se-hoon’s plan to make cram school lectures available online to less affluent students was approved by the city council Friday. During a regular session on Friday, the council approved a 4.25 trillion won ($3.75 billion) supplementary...
The Seoul Metropolitan Office of Education proposed on Thursday a supplementary budget of 1.1 trillion won ($983.9 billion), part of which will go toward supplying every middle school student with an electronic device. “We have set aside some 60...
Entertainer Yoo Jae-suk donated feminine hygiene products to 500 low-income teenagers through 49 local children’s centers nationwide, a Seoul-based Christian nongovernmental organization G Foundation announced on Thursday.
Despite the Korean government's efforts to curb real estate speculation and make more housing available, 7 percent of low-income households are still living in temporary structures or tiny rented rooms.
HSBC Korea on Tuesday announced that it has donated a total of 15 million won ($12,000) to the Korean branch of Plan International, a British non-governmental organization.
Korea JoongAng Daily Sitemap
