SEJONG, Jun. 21 (Korea Bizwire) — The number of one-person households continued to rise last year amid the country’s low birth rate and rapidly aging population, government data showed on Thursday. According to the data compiled by Statistics Korea, the number of single-person households reached 5.61 million as of October last year, up 179,000 or [...]
SEOUL, Nov. 23 (Korea Bizwire) – No tax specific to single-person households currently exists in Korea. But a recent study found that various tax benefits provided to married couples with children, mainly as countermeasures to Korea’s low marriage and birth rates, are creating an equally viable effect, imposing higher tax burdens on Korea’s single population. [...]
SEOUL, Nov. 23 (Korea Bizwire) – Small-size home appliances are growing in popularity in South Korea amid the increasing number of single-member households, a local manufacturer said Wednesday. Dongbu Daewoo Electronics Co. said it has so far sold more than 2 million refrigerators, washers and other products targeting consumers living alone. The number of single-person [...]
SEOUL, Nov. 21 (Korea Bizwire) – The increase of single-person households in Korea has brought about another change in household consumption – the declining use of natural gas (liquefied natural gas). According to the Korea City Gas Association and other industry sources, although the number of households in Korea increased from 10.95 million in 2005 [...]
SEOUL, Nov. 16 (Korea Bizwire) – The number of convenience stores in South Korea has surpassed 33,000 as of the end of October this year, marking a rapid growth since the opening of the first store 27 years ago, industry statistics showed Wednesday. The number indicates a significant increase from 28,994 counted at the end [...]
SEOUL, Oct. 20 (Korea Bizwire) – The number of single-person households is rising quickly in Korea. They accounted for 27.2 percent of all households (5.2 million out of 19.1 million) in 2015, and officials expect to see a continued increase to at least 35 percent. Along with the changing social structure, the market for goods [...]
SEOUL, Sept. 26 (Korea Bizwire) – Households comprised of one or two people will account for over 60 percent of Seoul’s total population by 2040, a report showed Monday. Byeon Mi-ri, chief of the Global Future Research Center under the Seoul Institute, said 30 percent of homes in the capital city will be made up [...]
SEOUL, Sept. 5 (Korea Bizwire) – The demand for smaller refrigerators emphasizing function and design is on the rise. Korea’s rapidly increasing number of single-person households, “value-spending” on higher-satisfaction products, and a rising consumer interest in kitchen interior design are among major factors contributing to the trend, says industry watchers. The domestic market for smaller [...]
SEOUL, Aug. 8 (Korea Bizwire) – ‘Kinfolk life’ is a term derived from Portland, Oregon based Kinfolk magazine, which promotes a slow lifestyle by providing different ways for readers to simplify their lives, cultivate community, and spend more time with friends and family, or kinfolk. The number of such ‘kinfolk’ seekers has grown in recent [...]
SEOUL, Aug. 5 (Korea Bizwire) – Frozen food was once seen as mere ‘survival food’ for hungry students, who would simply throw a prepared meal into the microwave and run it for a few minutes. But the popularity of these quick and convenient meals has soared thanks to improved quality, diversity, and most importantly, a [...]