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Single-member Families Account for Nearly 30 pct of S. Korean Households

Single-member Families Account for Nearly 30 pct of S. Korean Households

SEJONG, Dec. 14 (Korea Bizwire) — The number of one-person families continued to rise last year, accounting for nearly 30 percent of all households in South Korea, amid the fast-spreading trend of people remaining single, government data showed Saturday. Households consisting of a single member totaled 5.85 million in 2018, compared with 5.62 million the [...]

Japan Threatens to Overtake S. Korea in China’s Cosmetics Market

Japan Threatens to Overtake S. Korea in China’s Cosmetics Market

SEOUL, Dec. 12 (Korea Bizwire) — Japan is threatening to overtake South Korea’s No. 1 status in China’s imported cosmetics market this year, industry data showed Thursday, mainly on the back of the growing popularity of low- to mid-priced “J-beauty” products. Japanese companies accounted for 25.2 percent of China’s imported cosmetics in the January-October period, [...]

EV Models Reach Over 40 pct of Hyundai, Kia Eco-friendly Car Sales

EV Models Reach Over 40 pct of Hyundai, Kia Eco-friendly Car Sales

SEOUL, Dec. 9 (Korea Bizwire) — Electricfied models reached over 40 percent of Hyundai Motor Co. and Kia Motors Corp.’s environmentally friendly vehicle sales in the January-October period, an automobile association said Monday. In the first 10 months, Hyundai and Kia sold a combined 291,237 eco-friendly models in global markets, according to the data from [...]

More than Half of S. Koreans Pessimistic About Children’s Ability to Climb Social Ladder

More than Half of S. Koreans Pessimistic About Children’s Ability to Climb Social Ladder

SEJONG, Nov. 25 (Korea Bizwire) — More than half of South Koreans believe their children cannot move up the social ladder, a survey showed Monday. The survey released by Statistics Korea showed that 55.5 percent of those surveyed said they do not think their children can ascend to a higher social status, down from 55 [...]