Households Archives | Be Korea-savvy
One in 3 Households in S. Korea Buy Homes Before Marriage

One in 3 Households in S. Korea Buy Homes Before Marriage

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 [...]

Gov’t to Expand Emergency Safety Service for Vulnerable Households

Gov’t to Expand Emergency Safety Service for Vulnerable Households

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 [...]

S. Korean Population Falls for 3rd Consecutive Year in 2022

S. Korean Population Falls for 3rd Consecutive Year in 2022

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 [...]

Increasing Number of Household Heads Taking on Secondary Jobs

Increasing Number of Household Heads Taking on Secondary Jobs

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 [...]

Households Opt for Early Redemption of Credit Loans amid Rising Interest Rates

Households Opt for Early Redemption of Credit Loans amid Rising Interest Rates

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 [...]

Non-family Households Reach New High: Data

Non-family Households Reach New High: Data

SEOUL, Aug. 2 (Korea Bizwire) — The number of households comprised of non-family members like friends or partners is on the rise, data showed Monday. Statistics Korea reported that the number of non-family households nationwide jumped by 11.6 percent in the last 12 months, amounting to 472,660 households. Non-family households are comprised of five people [...]