single-member households Archives | Be Korea-savvy
Demand for Processed Meat Rising in Sync with Single-member Households

Demand for Processed Meat Rising in Sync with Single-member Households

SEOUL, Nov. 10 (Korea Bizwire) — South Korea’s market for processed meat products, such as sausages, has been growing steadily in recent years amid rising demand from single-member households, data showed Tuesday. The country’s processed meat market was estimated at 5.6 trillion won (US$5 billion) in 2018, up 2.4 percent from the previous year, according [...]

Single-member Households to Become Most Common Type in 2047

Single-member Households to Become Most Common Type in 2047

SEJONG, Dec. 16 (Korea Bizwire) — One-person families will likely become the most common household type in all South Korean cities and provinces in the next 30 years amid the country’s low birthrate and rapidly aging population, data showed Monday. Households consisting of a single member are forecast to account for 37.3 percent of all [...]