SEOUL, Dec. 24 (Korea Bizwire) — A growing number of South Koreans are choosing to hold year-end parties at home instead of restaurants following tighter social distancing measures imposed as part of efforts to curb the spread of the coronavirus. Emart reported a 27.7 percent increase in wine sales between Dec. 1 and 14, ahead [...]
SEOUL, Oct. 7 (Korea Bizwire) — More than three quarters of minors who have purchased a home in Seoul revealed that they made such purchases not for living but for rental purposes. Rep. So Byung-hoon, a lawmaker from the ruling Democratic Party and a member of the Land, Infrastructure and Transport Committee of the National [...]
SEOUL, Aug. 31 (Korea Bizwire) — As the coronavirus continues to spread, consumers are decorating their homes into offices as more businesses are encouraging employees to work from home. Online shopping giant 11st reported a 2,183 percent increase in floor table sales between Aug. 17-26. Sales of desk blinds and other cubicle products surged by [...]
SEOUL, Feb. 14 (Korea Bizwire) — Sales of hobby supplies are rising as a growing number of South Koreans are refusing to go outdoors following the coronavirus outbreak. Gmarket, a major online shopping mall, reported that sales of hobby supplies grew by more than 300 percent in the last seven days compared to the same [...]
SEOUL, Jan. 29 (Korea Bizwire) — South Koreans changed residences to a different region at the slowest pace in 47 years in 2019 due to the rapid aging population and tightened regulations on home purchases, data showed Wednesday. The number of people who moved to other regions (a different province or city) in the country [...]
SEOUL, Dec. 24 (Korea Bizwire) — Many South Koreans plan to rest on Christmas, a recent study has revealed. A survey conducted by Incruit, a South Korean job portal, and Dooit Survey showed that 41 percent of all respondents planned to rest on Christmas day. Full-time homemakers wanted to take a rest on Christmas day [...]
SEOUL, Dec. 2 (Korea Bizwire) — As more people are spending time at home following the introduction of a government-mandated 52-hour workweek, an increasing number of South Korean women are building their own furniture and redecorating or renovating their homes with professional equipment. The recent trend is reportedly led by the increasing number of one-person [...]
SEOUL, Jun. 25 (Korea Bizwire) — Recently, it was revealed that South Koreans bought their first home at an average age of 43. However, the word ‘first home’ is just a saying for 38 percent of housing prices are covered by loans from banks and other financial institutions. According to the survey of 61,275 households [...]
SEOUL, Jun. 11 (Korea Bizwire) — The average number of home auctions throughout South Korea has surpassed 5,000 cases over the last two months. According to GG Auction, a South Korean court auction firm, the number of auctions of residences throughout the entire country reached 5,261 cases last month, surpassing 5,000 for the second month [...]
SEOUL, May 8 (Korea Bizwire) — More than four out of ten unmarried men and women think they need to own their own house, but they see it as impossible in reality. Such results were published in a report titled “A Study on the Relationship Between the Living Characteristics of Young Adults and Marriage” by [...]