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Use of Group Buying and Budget Coffee Apps on Rise amid High Inflation

Use of Group Buying and Budget Coffee Apps on Rise amid High Inflation

SEOUL, May 17 (Korea Bizwire) — The use of group buying, low-cost coffee, and convenience store apps is increasing as consumers tighten their belts amid the current economic slump and high inflation, data showed Tuesday. The number of app installations in the shopping app category increased in April compared to figures recorded in October last [...]

Marriage Rate Drops Despite Increasing Number of Matchmaking Agencies

Marriage Rate Drops Despite Increasing Number of Matchmaking Agencies

SEOUL, May 16 (Korea Bizwire) — The number of matchmaking agencies reportedly spiked during the pandemic due to challenges in organizing offline dates, leading to a trend of assessing potential partners’ backgrounds and requirements before arranging meetings. There were 1,841 matchmaking agencies in the country as of February, representing a 17.1 percent increase from the [...]

Income Inequality Among Men May be a Key Factor in S. Korea’s Low Birth Rate: Study

Income Inequality Among Men May be a Key Factor in S. Korea’s Low Birth Rate: Study

SEOUL, May 15 (Korea Bizwire) — South Korea is grappling with a serious social challenge posed by its alarmingly low birth rate, one of the lowest in the world. An analysis conducted by the Korea Labor Institute has revealed that income inequality among men may be a crucial factor contributing to declining marriage rates, which, [...]

Jobs for 40-somethings Fall for 10th Month amid Manufacturing Slump

Jobs for 40-somethings Fall for 10th Month amid Manufacturing Slump

SEOUL, May 14 (Korea Bizwire) — The number of jobs for people in their 40s in South Korea decreased for the 10th consecutive month in April, data showed Sunday, amid the protracted slump in the country’s manufacturing industry. Jobs for the age group have been falling on-year since July, with the positions decreasing 22,000 from [...]