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 [...]
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 [...]
SEOUL, July 21 (Korea Bizwire) — About half of the South Korean households with infants had experienced a career interruption for childbirth and child-rearing, a poll showed Wednesday. The Korea Institute of Child Care and Education conducted a survey of 2,500 households with children under 6 years of age across the country. Half of the [...]
SEOUL, June 16 (Korea Bizwire) — Cash as a means of payment is disappearing rapidly in people’s daily lives as various cards and electronic payments are increasingly used. The amount of cash the households used to purchase goods or services last year averaged 510,000 won (US$398) per month, down 25.4 percent compared to the figure [...]
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 [...]
SEOUL, June 8 (Korea Bizwire) – Two in five South Korean households still believe that they’re spending too much on medical bills Despite the national health insurance’s wider coverage, a local report showed Tuesday. The Korea Institute for Health and Social Affairs analyzed the 2019 Korea Health Panel Survey conducted on 6,689 households (14,741 people), of [...]