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, Jun. 5 (Korea Bizwire) – As the number of dual-income households increases in South Korea, more grandparents are taking on child care responsibilities, leading to a surge in their use of meal kit delivery services and kids’ cafes, according to new data. Shinhan Card’s Big Data Research Institute reported on June 4 that the proportion [...]
SEOUL, Jun. 3 (Korea Bizwire) – A staggering 24% of dual-income families in Seoul experience symptoms of depression, according to a new study by the Seoul Research Institute. Working mothers and fathers struggle with insufficient societal and institutional support for child-rearing and caregiving responsibilities. Alarmingly, 15.8% of unmarried youths in Seoul within the optimal marriage age [...]
SEJONG, June 23 (Korea Bizwire) — About half of married couples in South Korea had dual incomes in 2019, data showed Tuesday, an indication that many couples are continuing to work after marriage to support their families. The number of double-income households reached 5.66 million as of October 2019, accounting for 46 percent of all [...]
SEJONG, Jun. 25 (Korea Bizwire) — Nearly half of married couples in South Korea earned dual incomes in 2018, data showed Tuesday, a sign that many South Koreans are continuing to work after marriage to support their families. The number of double-income households reached 5.67 million as of October 2018, accounting for 46.3 percent of [...]
SEOUL, Nov. 30 (Korea Bizwire) - Dual income households in South Korea brought home 1.4 times more than families with a sole bread earner, a report by a local think tank said Sunday. According to Hyundai Research Institute (HRI), households that had both husband and wife holding jobs brought home an average 5.32 million won (US$4,600) per month in 2014. For families where only one person earned an income, the monthly average stood [...]