SEOUL, Nov. 5 (Korea Bizwire) – The average wedding gift money in South Korea has risen to 90,000 won, reflecting a 23% increase since 2021, according to recent data analysis by KakaoPay of its digital money transfer envelope service. The mobile payment provider’s analysis, released on November 4, shows a steady upward trend in wedding gift [...]
SEJONG, Nov. 20 (Korea Bizwire) – More than one-third of South Korean teenagers say that income is their foremost consideration when selecting a career. Over the last decade, the significance of income as a decisive factor in job selection has consistently risen, surpassing both aptitudes and interests. This shift has resulted in a pronounced inclination towards [...]
SEOUL, Sept. 19 (Korea Bizwire) — The performance video of BLACKPINK member Lisa’s solo song “Money” has exceeded 900 million views on YouTube, her management agency YG Entertainment said Tuesday. “Money” is a track on Lisa’s first single album, “LALISA,” released in September 2021. The hip-hop song made an entry on Billboard’s Hot 100 and [...]
SEOUL, Nov. 23 (Korea Bizwire) — Men and women have different perceptions of potential marriage partners who are well off but reluctant to spend their money, a survey showed Tuesday. Matchmaking firm Bien-Aller conducted a survey of 516 single men and women, in which 52.3 percent of men thought positively of wealthy women reluctant to [...]
SEOUL, Dec. 17 (Korea Bizwire) — A recent study has revealed that many young South Koreans who are either unemployed or struggling to make ends meet face difficulties with everyday life, and often forgo meeting with friends or having proper meals. The National Human Rights Council of Korea conducted a survey of 1,000 men and [...]
SEOUL, Aug. 24 (Korea Bizwire) — The Korea Economic Research Institute held a seminar on August 23 regarding social mobility and education, where Professor Lee Joo Ho of the Korea Development Institute presented his findings on the correlation between children’s school grades and a family’s economic, social and cultural standing (ESCS). His research was based [...]
ASAN, Jan.12 (Korea Bizwire) – New research indicates that even if you have more money, satisfaction with life doesn’t increase. At a time when the economy is slumping, leading to resignations, unemployment, and tight household finances, many people think that money and happiness are not related. A recent report entitled ‘Relationship Between Local Income and [...]
SEOUL, Oct. 25 (Korea Bizwire) – A “loan shark” is a derogatory term referring to a person or body that offers loans at extremely high interest rates. Interest rates are so high that their lending practices are often being accused of exploiting a borrower’s financial troubles. Cash loans to people in dire need of money, [...]
SEOUL, May 16 (Korea Bizwire) – The average number of credit cards per person has fallen below four last year in Korea. The number is likely to decrease this year as debit cards are gaining popularity and people tend to avoid using credit cards even more due to a series of data security breaches. On [...]
SEOUL, Korea, April 3 (Korea Bizwire) – The idea of “rich” in Korea is in excess of 1 billion won (US$945,000) in assets, a survey said. Gallup Korea said this on April 2, based on a survey on 1,119 adults for four days between March 24 and 27. To a question “How much money do [...]