The total dividend income of heads of the nation’s top 10 conglomerates surpassed 300 billion won last year, according to data released on Sunday. The corporate analysis website chaebul.com said in its report that the total amount of their dividend income was 329.9 billion won, a 35.3 percent increase from 2013. Samsung Electronics chairman Lee Kun-hee topped the list with 175.8 billion won, th...

South Koreans who received higher levels of education are happier than those who did not attend university, a study showed Tuesday. The report, released by the Korea Institute for Health and Social Affairs, surveyed a total of 3,655 individuals aged 19 to 75 last year. Among those who participated, university-educated Koreans on average rated their happiness at 6.56 out of 10. High school grad...

The nation’s private education spending per child in 2014 edged up 1.2 percent on-year from a year earlier, Statistics Korea said on Sunday. Officials attributed the increase to a sharp rise in spending on private tutoring for art, music and physical education, from 47,000 won in 2013 to 50,000 won in 2014. The agency suveyed 78,000 students and parents of 1,189 elementary, middle and high schoo...

South Koreans use significantly less electricity at home than people in other OECD countries. According to the Korea Energy Economics Institute, South Koreans used 1,278 kWh of electricity on average in the home in 2012, ranking 26th out of 34 countries in terms of electricity use. The figure is only 55 percent of the OECD average (2,335 kWh). The country that used the most electricity in the ...

Alcohol consumption at home reached a record high last year while tobacco consumption decreased, according to data. Statistics Korea said the average monthly spending on alcohol consumed at home by two or more people reached 11,267 won ($10.16), a 4.8 percent increase from the previous year and an all-time high. Alcohol consumption at restaurants and bars was outside the scope of the survey. T...

According to chaebul.com, 15 Korean celebrities had over 100 million won ($90,000) in stocks in their own name as of Feb. 17. Among them, six were found to own over 10 billion won in stocks. Yang Hyun-suk, founder of YG Entertainment, remained the richest celeb, with 182.2 billion won in listed stocks, despite seeing a 4.2 percent fall since January. He was followed by SM Entertainment founder a...

The National Health Insurance Service recorded a 4.6 trillion won ($4.1 billion) surplus in 2014, with its annual revenue climbing 7.4 percent from the previous year to reach 48.5 trillion won. Some of the reasons for the increased revenue include a rise in the number of cancer patients who were diagnosed at an early stage through health examinations, and a significant decrease in the number of ...

With Lunar New Year just around the corner, Korea is preparing for another influx of Chinese travelers over the holiday. The Korea Tourism Organization projects the number of Chinese arrivals in 2015 to reach a new record of 7.2 million, up from 6.1 million last year. Chinese tourists are also boosting the Korean economy. With an average Chinese spending 3 million won ($2800) per visit, the com...

South Korea ranked 10th in defense spending in 2014, according to an annual report. The report on the world’s top 15 defense-spending countries by Britain’s International Institute for Strategic Studies showed that Seoul’s defense expenditures amounted to $34.4 billion. The U.S. topped the list with defense spending of $581 billion, followed by China with $129.4 billion, Saudi Arabia with $80.8...