SEOUL, May 4 (Korea Bizwire) — The average age of household heads in Seoul was 51.8 last year, up 2.9 years from five years ago, a survey by the city government showed Tuesday. The annual survey on citizens’ lives conducted from September-October also showed the average size of households shrank to 2.33 members from 2.64 [...]
SEOUL, April 22 (Korea Bizwire) — About 1 in 3 South Korean households raised pets in 2020, a survey showed Thursday, with the number of pet dogs and cats here reaching 8.6 million. The number of households raising pets was estimated at 6.38 million in 2020, up 8 percent from the previous year’s 5.91 million, [...]
SEJONG, April 13 (Korea Bizwire) — South Korean households’ spending on lottery tickets rose more than 7 percent in 2020 despite a record fall in their overall consumption, government data showed Tuesday. Local households spent a monthly average of 590 won (US$0.52) on lottery tickets last year, up 7.2 percent from a year earlier, according [...]
SEOUL, Aug. 11 (Korea Bizwire) — South Korean households scrambled to pile up cash in the first quarter of the year amid growing uncertainty stemming from the coronavirus pandemic, central bank data showed Tuesday. Cash held by households and nonprofit organizations stood at 90.1 trillion won (US$75.9 billion) as of the end of March, up [...]
SEJONG, June 23 (Korea Bizwire) — About half of married couples in South Korea had dual incomes in 2019, data showed Tuesday, an indication that many couples are continuing to work after marriage to support their families. The number of double-income households reached 5.66 million as of October 2019, accounting for 46 percent of all [...]
SEOUL, May 24 (Korea Bizwire) — Nine out of 10 households have received the emergency relief funds provided by the government as part of efforts to cushion the economic fallout from the new coronavirus, the interior and safety ministry said Sunday. Over 20 million households had received the funds as of Saturday, accounting for 92.6 [...]
SEOUL, March 29 (Korea Bizwire) — South Korea said Sunday it is considering providing financial support to 10 million lower-income households as part of emergency measures in the wake of the coronavirus outbreak. Under the plan, a four-member household whose income is below the median income can receive a one-time lump sum of up to [...]
SEOUL, Jan. 5 (Korea Bizwire) — Debt incurred by households and self-employed businesses in South Korea is estimated to surpass 2,000 trillion won (US$1,713 billion) as of September last year, according to central bank data on Sunday. Outstanding household loans came to 1,481 trillion won at the end of last September, up 13.6 trillion won [...]
SEOUL, Oct. 22 (Korea Bizwire) — Over the last five years, radon, a radioactive substance, was reportedly found at thousands of apartment complexes across the nation. The substance was mostly found in construction materials. Rep. Chung Dong-young, based on reports collected from 14 regional authorities, said radon was found in 18,682 households between 2015 and [...]
SEOUL, Jun. 25 (Korea Bizwire) — Recently, it was revealed that South Koreans bought their first home at an average age of 43. However, the word ‘first home’ is just a saying for 38 percent of housing prices are covered by loans from banks and other financial institutions. According to the survey of 61,275 households [...]