South Korea

Navigating University Majors in South Korea: A Comprehensive Guide

by
University,Major Selection,South Korea,Government Support

[su_heading size=”27″ align=”left” margin=”40″]Understanding the New Flexibility in Major Selection[/su_heading] In recent years, South Korean universities, particularly those in the Seoul metropolitan area and national universities, have implemented a more flexible approach to major selection. This initiative, set to expand significantly by 2025, allows incoming students to choose their majors after gaining some university experience. … Read more

The Evolving Perception of Old Age in South Korea: Public Support for Raising the Senior Age and Extending Retirement

by
South Korea,Senior Age,Retirement Extension,Benefi

[su_heading size=”27″ align=”left” margin=”40″]Changing Demographics and Social Perspectives[/su_heading] South Korea is undergoing significant demographic shifts, leading to evolving perspectives on what constitutes old age. Recent surveys reveal that a majority of the population supports increasing the age classification for seniors from 65 to 70. This change reflects a broader trend towards reevaluating the roles and … Read more

The Impact of South Korea’s Inheritance Tax on Economic Growth

by
South Korea,Inheritance Tax,OECD Countries,Philanthropic Contributions,Sustainable Growth

[su_heading size=”27″ align=”left” margin=”40″]Introduction to South Korea’s Inheritance Tax[/su_heading] Inheritance tax in South Korea is among the highest in the world, with a top rate of 50%. When combined with the surcharge for large shareholders, the effective tax rate can reach up to 60%, the highest among OECD countries. This has sparked significant debate regarding … Read more