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Adolescents from Lower Income Households Less Satisfied with Family/Friend Relationships

Adolescents from Lower Income Households Less Satisfied with Family/Friend Relationships

SEOUL, Jan. 26 (Korea Bizwire) — Children and teenagers from households with lower incomes have lower satisfaction in engaging with family members and friends, a government report has showed. Statistics Korea conducted a survey of children and teens between 9-18 years of age in 2020, which showed that the satisfaction level of engaging with family [...]

Households Brace for Gloomy Economic Conditions in 2017

Households Brace for Gloomy Economic Conditions in 2017

SEOUL, Dec. 30 (Korea Bizwire) – Forty-two percent of South Korean households believe their economic conditions will deteriorate next year, according to a survey by Gallup Korea released Friday.  The survey suggested that South Korea’s consumer confidence has sharply eroded amid uncertainties in the troubled shipping and shipbuilding sectors, and an ongoing influence-peddling scandal involving [...]

Elderly Hold Key to Korea’s Consumption Growth

Elderly Hold Key to Korea’s Consumption Growth

SEOUL, Nov. 9 (Korea Bizwire) – Amid stagnant growth of local household consumption, a recent study indicated that the elderly will play an essential role in leading Korea’s future consumption.  According to the report – Consumption Status of the Elderly and its Implications – compiled by the Bank of Korea’s research bureau, the contribution rate [...]