Living costs Archives | Be Korea-savvy

S. Korea’s Living Costs Significantly Above OECD Average: BOK

SEOUL, June 18 (Korea Bizwire) – Essential living costs in South Korea are significantly higher than those in other major nations, hindering the recovery of consumer spending, the central bank said Wednesday. South Korea’s price indices for food, clothing and housing stood at 151, 161 and 123, respectively, based on the average price level of [...]

Amid Rising Living Costs, South Korean and French Universities Offer Affordable Meals to Students

SEOUL, Jan. 19 (Korea Bizwire) — The South Korean Ministry of Agriculture, Food and Rural Affairs announced on January 18 that it has expanded its ’1000 Won Breakfast’ program to cover 4.5 million people this year. The program, aimed at university students, offers breakfast meals for just 1,000 won in an effort to reduce the rate of [...]