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Single-person Households Most Common Household Type in S. Korea

Single-person Households Most Common Household Type in S. Korea

SEOUL, July 8 (Korea Bizwire) — A single-person household is the most common type of living arrangement in South Korea, data showed Wednesday. Data released by the Ministry of the Interior and Safety showed 8.77 million single-person residence registrations, accounting for 39 percent of the total number of 22.7 million. The second most common type [...]

Single Households Account for 27.8% of South Korean Families

Single Households Account for 27.8% of South Korean Families

SEJONG, June 21 (Korea Bizwire) – The number of one-person families continued to rise in South Korea last year amid the fast-spreading trend of people remaining single, government data showed Wednesday. Households consisting of a single member totaled 5.28 million in 2016, up 3.3 percent, or 169,000, from the previous year, according to the data [...]

Nearly Half of Thirtysomethings in Seoul are Renters

Nearly Half of Thirtysomethings in Seoul are Renters

SEOUL, June 9 (Korea Bizwire) – Almost half of Seoulites in their 30s live in rented housing, leaving them with the heaviest rent burden among all age groups in the city. The surprising findings of the 2017 Seoul Survey – an urban planning indicator survey – revealed the growing number of single and two-person households [...]

Young Adults Stay Home during Golden Break – Sales Rise for Stay-at-Home Products

Young Adults Stay Home during Golden Break – Sales Rise for Stay-at-Home Products

SEOUL, May 6 (Korea Bizwire) – On May 5, online shopping site Gmarket reported that sales of ‘stay-at-home’ products, such as instant food and hobby products, rose significantly among consumers in their 20’s after May 6 was confirmed to be a temporary holiday, forming a ‘golden break’ of four days. Gmarket reported that sales of [...]