* Date : 2015-02-27
As the first day of spring has passed and the spring is approaching us, more and more couples are getting married. Because of the leap month last year, many couples have postponed their marriage to this year. In Korea, how much money do people spend on their weddings? In 2013, they spent an average of US$26,800 for the wedding ceremony and honeymoon, and about US$196,000 in housing and home furnishings. Such heavy expenditure is increasing burden for grooms and brides-to-be amid a prolonged economic slump. We will have an in-depth coverage on the overall wedding costs including wedding related industries' marketing craze and wiser ways to spend money for the wedding in 2015.
Interviewee: Professor PARK Yun-woo, School of Business Administration, Chung-Ang University
It isn't too much to say that Korea is a real estate-focused society. There is a unique form of residence type called 'Jeonse' in Korea. But traditionally, Koreans have a large desire to own their houses, while Jeonse and house prices are too high compared to people's income levels. The gap is covered by household debts. Such a structure is supporting house prices. Real estate accounts for a huge portion of household economy as well as the overall Korean economy. This is why the domestic economy is largely affected by freezing and overshooting of the real estate market. Bizline will look into the big trends in the real estate market, including significance of the real estate sector in Korea's economy, current government's real estate policy directions as well as the outlook for the real estate market.
New steel material developed by Korean researchers is making headlines. The material is said to be stronger and lighter than titanium and hard to break. Its principle is to create micro-sized chemical compounds of metals and distribute them evenly within the steel material. It is lighter and stronger than titanium but its price is only one tenth of titanium price. It is likely to be commercialized within 2~3 years and set to dramatically contribute to development of futuristic vehicles or aviation parts. We introduce you to the new material that surpasses titanium which is currently seen as the best material in the steel sector.
New obesity management and healthcare service has been launched. Using your smart devices, you measure your body composition and physical activities in real time and you share this data with hospitals. Based on information and technology, smart healthcare services are moving forward as personalized services linking individuals' health records with medical science or sports. We will look into the present and future of smart healthcare services.
Currently, about 50,000~60,000 North Korean workers are dispatched overseas. They have been sent by the North Korean regime to earn foreign money. But their labor rights are neglected at the workplace. According to testimonies, they are living in groups in poor accommodation, cut off from the outside world, and suffering from excessive labor under the surveillance and control. We will find out about labor conditions of North Korea's foreign currency earners.