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 [...]
SEOUL, May 10 (Korea Bizwire) — More than 15 percent of households in South Korea are unable to balance their budget, a local think tank said. According to the last year’s study on household finance and welfare conducted by the Korea Institute of Finance, 17.2 percent (3.54 million) of the 20.52 million households in the [...]
SEOUL, March 29 (Korea Bizwire) — The value of assets held by non-metropolitan areas households is about 40 percent lower than that of metropolitan area households, a lawmaker said Monday, citing data from Statistics Korea. The aggregate value of assets held by the nation’s households amounted to 10.3 quadrillion won (US$8.21 trillion), according to the [...]
SEOUL, Dec. 23 (Korea Bizwire) — Among those living in Seoul, middle-aged single-person households without incomes are more likely to have been late in payment of mobile phone bills than other groups, data showed Wednesday. In collaboration with Statistics Korea and SK Telecom Co., the Seoul Metropolitan Government analyzed data for about 3.4 million citizens [...]
SEOUL, Dec. 3 (Korea Bizwire) — A recent study showed that South Korea’s bottom 20 percent households by income (the lowest income quintile) have been in the red for nine straight years. In other words, their spending was greater than their income during that period. According to a report released on Thursday by the Korean [...]
SEOUL, Aug. 2 (Korea Bizwire) — The number of households with children under 18 years old fell below 5 million for the first time in 2019 amid a chronically low birthrate, data showed Monday. The number of households with children under 18 came to 4.87 million in 2019, down from 5.04 million the previous year, [...]