SEOUL, Oct. 4 (Korea Bizwire) — South Korea’s young, single-person households are focusing on their savings, contrary to previous expectations that they would focus on consumption, influenced by the YOLO — You Only Live Once — culture, a report showed Monday. KB Financial Group Research Institute conducted a nationwide survey of 2,000 male and female [...]
SEOUL, Sept. 27 (Korea Bizwire) — The Dobong District Office in Seoul has announced the launch of a help service for single-person households looking for jeonse (long-term deposit rental system) or weolse (monthly rent) apartments, as part of efforts to address their difficulty in finding a stable place to live. To help single-person households, including [...]
SEOUL, June 21 (Korea Bizwire) — The number of employed one-person households in South Korea showed a steep increase last year amid an economic recovery, government data showed Tuesday. As of October 2021, the number of working one-person households jumped by 440,000 on-year to 4.14 million households, according to the data compiled by Statistics Korea. [...]
SEOUL, May 11 (Korea Bizwire) — A majority of single-person households in Seoul are satisfied with living alone, but struggle with difficulties arising in emergencies, a survey showed Tuesday. The Seoul Metropolitan Government conducted a survey of 3,079 people living alone, of which 86.2 percent were satisfied with solitary life, up by 13 percentage points [...]
SEOUL, May 9 (Korea Bizwire) — Single-person households tend to spend more on alcohol compared to larger households, a report said Sunday. A research team from the state-run Korea Rural Economic Institute analyzed data from Statistics Korea to identify the average amount of spending on processed foods and the share of each item among the [...]
SEOUL, March 4 (Korea Bizwire) — With South Korea entering the age of 1 million “officetels” — multi-purpose buildings with residential and commercial units — it’s becoming more imperative to use them as a housing policy tool for single-person households, a report said Thursday. The Construction and Economy Research Institute of Korea (CERIK) said in [...]
SEOUL, Feb. 17 (Korea Bizwire) — Gangbuk District Office in Seoul said Wednesday that it will check the safety of the single-person households at risk of solitary death by installing ‘smart plugs’ that make use of Internet of Things (IoT) technologies. Officials at the district’s community service centers will visit households and install the devices [...]
SEOUL, Feb. 10 (Korea Bizwire) — For Lee Bok-won, a 69-year-old woman who lives alone in western Seoul, stocking up on fresh homemade kimchi during winter has been quite a chore for the past several years. The process, traditionally done by family groups over multiple days, usually involves a painstaking process of soaking a large [...]
SEOUL, Feb. 3 (Korea Bizwire) — In the third quarter of last year, which marked the second year of the COVID-19 pandemic, single-person households consisting of young people under 40 years of age marked a sharp increase in their spending on drinking and smoking compared to a year earlier. This group’s monthly spending for purchases [...]
SEOUL, Jan. 31 (Korea Bizwire) — Four out of ten single-person households in South Korea turned out to be dissatisfied with their consumption spending, the country’s statistics office said. The monthly consumption spending of one-person households averaged 1.32 million won (US$1,090) in 2020, according to data from Statistics Korea. This figure is calculated by subtracting [...]