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Housing Expenses among Biggest Burdens for Single-Person Households

Housing Expenses among Biggest Burdens for Single-Person Households

SEOUL, May 13 (Korea Bizwire) – A recent study has revealed that housing expenses, among other basic living costs, are the biggest financial burden for single-person households.  The Korea Consumer Agency conducted a study on 1,000 single-person household consumers, in which 37.8 percent of participants pointed to housing expenses as their biggest financial burden.  When [...]

Single-Person Households Bring About Market Change

Single-Person Households Bring About Market Change

SEOUL, March 18 (Korea Bizwire) – The rapid increase in the number of single- person households is bringing about great change in consumer behavior. As a result, companies are changing tactics to meet the new market reality. According to a report from the Segye Ilbo, a Korean daily newspaper, the number of single-person households was [...]

One-Person Households Face Nutrition Crisis

One-Person Households Face Nutrition Crisis

SEOUL, March 9 (Korea Bizwire) – A government survey confirmed Wednesday many one-person households here have abnormal eating habits and are vulnerable to malnutrition. One in three people living alone skip breakfast, according to the Korea Rural Economic Institute, a state-funded think tank. It conducted a survey of 500 single-person households and the same number [...]

Consumer Market Dynamics Changed by “Solo” Economy

Consumer Market Dynamics Changed by “Solo” Economy

SEOUL, Korea, Mar 31, 2014  (Korea Bizwire) — According to the National Statistical Office, single-person households accounted for only 9.0 percent of the whole population in 1990. In 1995, the ratio first surpassed a double–digit level, and it ultimately grew to 25.3 percent, last year. In other words, one in every four household is now [...]