SEJONG, June 20 (Korea Bizwire) – More than 60 percent of South Korean couples in their 30s and 40s now live in dual-income households, reflecting shifting work-life dynamics as economic pressures and evolving gender roles reshape family life. Meanwhile, single-person households continue to surge, surpassing 8 million for the first time, according to new government [...]
SEOUL, Aug. 23 (Korea Bizwire) — About one-third of households in South Korea with members in their 30s and 40s, along with children, purchased their initial home before marriage, a government think tank said Tuesday. The Korea Research Institute for Human Settlements conducted a survey involving 3,042 households whose members fall within the age range [...]
SEOUL, Aug. 2 (Korea Bizwire) — The number of South Koreans facing housing problems, residing in shacks, vinyl greenhouses, or moving from one accommodation to another without a permanent place to stay, is on the rise. According to data from Statistics Korea, last year saw over 1.83 million household members living ‘outside of a house,’ [...]
SEOUL, July 11 (Korea Bizwire) — Currently, there are 50,000 households in Seoul that are at risk of solitary death, the city government said Monday. According to the Seoul Metropolitan Government, surveys conducted in 2021 and 2022 revealed that 52,718 out of 84,526 individuals were exposed to the risk of solitary death. When categorized by [...]
SEOUL, June 15 (Korea Bizwire) — The Ministry of Health and Welfare said Wednesday it will expand its emergency safety service by implementing ICT equipment for single elderly and handicapped households. By utilizing sensors to detect fires and monitor physical activity, the service automatically notifies either the 119 emergency call or emergency management staff, thereby [...]
SEOUL, Jan. 15 (Korea Bizwire) — South Korea’s population shrank last year, continuing its downward trend for three years in a row, with the number of single-person households close to 10 million, government data showed Sunday. The Ministry of Interior and Safety said the country’s registered population stood at 51,439,038 as of Dec. 31 of [...]
SEOUL, Dec. 21 (Korea Bizwire) – The number of breadwinners from each household working secondary jobs reached a new high this year, data showed Tuesday. The Federation of Korean Industries (FKI) reported that there were 368,000 heads of households with secondary jobs in the first three quarters of this year, accounting for 67.3 percent of [...]
SEOUL, Oct. 31 (Korea Bizwire) — An increasing number of households are facing a heavier burden when it comes to interest payments with both consumer prices and interest rates rising rapidly, a local research institute said Sunday. Hyundai Research Institute, in an analysis of Statistics Korea data, said 35.7 percent of all households in the [...]
SEOUL, Oct. 20 (Korea Bizwire) — The number of households in the capital city of Seoul is expected to gradually decrease starting in 2030, data showed Thursday, as more people move to other areas in search of affordable housing. According to the estimate by Statistics Korea, the number of households in Seoul, which came to [...]
SEOUL, Oct. 19 (Korea Bizwire) — A growing number of South Koreans are redeeming their credit debts prior to their expiration date due to heavier financial burdens caused by rising interest rates, with some even willing to pay penalties for redeeming debts prior to the due date. Rep. Yun Chang-hyun of the People Power Party [...]