Over-50s, men, single-person households take up majority of those filing for bankruptcy in S. Korea Asia News Network (ANN) is the leading regional alliance of news titles striving to bring the region closer, through an active sharing of editorial content on happenings in the region.
Nearly 90 percent of those who filed for bankruptcy in Seoul last year were aged at least 50, with a substantial portion of the number being male or living alone, Seoul government data showed Wednesday. The data released by Seoul Financial Welfare Counseling Center, an affiliate of the city-run Seoul Welfare Foundation, showed that 86 percent of valid bankruptcy applicants last year were 50 or older, and 64.4 percent...
A Busan district office on Saturday announced the death of an 86-year-old woman who had recently donated 50 million won ($37,000) that she saved up while working as a housekeeper. Gweon Ok-seon donated her life savings in January to three welfare organizations in the southern port city -- the regional branch of the Red Cross, the Community Chest of Korea and the welfare center of her local Mandeok 3-dong -- according...