42% of All Wealth in Korea Is Inherited
Inheritance accounts for an ever-rising proportion of Koreans' wealth as the opportunities for social mobility dwindle, a study suggests. The proportion of asset accumulation by inheritance rose from 27 percent in 1980 to 42 percent in 2000. >> Full Text
Korea's Working-Age Population to Shrink by 26% by 2050
The world's combined working-age population will grow by 26 percent by 2050, but in Korea and Japan it will shrink by about the same margin, the UN predicts. The UN in a global report forecast that the combined population between ages 15 and 64 in advanced economies will start to shrink from next year, falling five percent by 2050. >> Full Text

1st Snow of the Year This Week
This year's first snow is expected in the Seoul metropolitan area this week with up to 3 cm falling on Wednesday morning in northern Gyeonggi Province, the Korea Meteorological Administration forecast. A snow advisory was issued for Tuesday noon in Yanggu, Pyeongchang and Donghae in Gangwon Province. >> Full Text

People line up to pay tribute to former President Kim Young-sam in front of the City Hall in Seoul on Monday. /Newsis

Participants learn how to make kimchi at the National Folk Museum of Korea in Seoul on Monday.

High school students attend a makeup class at a cosmetics company in Busan on Monday. /Newsis

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