SEOUL, Jun. 18 (Korea Bizwire) –South Korea is witnessing a significant rise in both dual-income and single-person households, reflecting societal shifts in the country’s demographics and economic landscape. According to Statistics Korea, out of the 12.69 million households with spouses last year, 6.12 million (48.2%) were dual-income households, marking a 2.1 percentage point increase from [...]
SEOUL, July 11 (Korea Bizwire) — South Korea’s population is set to fall to 38 million in 2070 due to its critically low birth rates, data showed Tuesday, with those aged 65 and above set to take up around 46 percent. The figure marks a sharp drop from the 52 million estimated for this year, [...]
SEOUL, Jun. 23 (Korea Bizwire) — As more young people are putting off getting married or avoiding civil unions altogether, a survey has revealed that the number of single-person households is rising quickly, especially centered around those in their late 20s. In addition, new statistics show that despite a decreasing number of temporary workers and [...]