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Lower Income Households Spend Half of Disposable Income on Food

Lower Income Households Spend Half of Disposable Income on Food

SEOUL, June 8 (Korea Bizwire) — Households in the lower income tier are spending a significant share of their income on food, including groceries and dining out, data showed Tuesday. The Ministry of Economy and Finance and Statistics Korea said that 42.2 percent of the average disposable income (847,039 won) earned by households in the [...]

Japan Accuses S. Korea of ‘Shunning’ Fukushima Food at Tokyo Olympics

Japan Accuses S. Korea of ‘Shunning’ Fukushima Food at Tokyo Olympics

SEOUL, Aug. 4 (Korea Bizwire) — As the Korean food supplier for the South Korean national teams at the Tokyo Olympics continues to raise controversy among Japanese politicians, the Japanese government continues to insist that food from Fukushima is safe. Japanese Foreign Minister Toshimitsu Motegi said at a press conference on Tuesday that Japan is [...]

Household Spending on Food, Hospitality Services Dips in Q4 amid Pandemic

Household Spending on Food, Hospitality Services Dips in Q4 amid Pandemic

SEOUL, March 11 (Korea Bizwire) — South Korean households’ spending on restaurants and hotels dropped in the fourth quarter of last year amid a resurge of coronavirus infections, central bank data showed Thursday. Household spending on eating out and hospitality services came to 18.9 trillion won (US$16.6 billion) in the October-December period, dropping below the [...]

Food Volunteer Programs Help Pyongyang’s Busy Households

Food Volunteer Programs Help Pyongyang’s Busy Households

SEOUL, Dec. 14 (Korea Bizwire) — Volunteer programs where merchants come to residential areas early in the morning to sell soup and side dishes to busy, dual-income households are spreading across North Korea. Uriminzokkiri, one of the North’s propaganda websites, reported Sunday on the lives of joint breadwinners taking care of breakfast using the volunteer [...]