SEOUL, Jul. 3 (Korea Bizwire) — Small consumer electronics products are gaining popularity in South Korea due mainly to an increase in the number of single-person households, online shopping malls said Tuesday. Gmarket, a major online shopping mall, said the company chalked up sharp sales increases in most relatively high-priced small home appliances in the [...]
SEOUL, Jun. 23 (Korea Bizwire) — As more young people are putting off getting married or avoiding civil unions altogether, a survey has revealed that the number of single-person households is rising quickly, especially centered around those in their late 20s. In addition, new statistics show that despite a decreasing number of temporary workers and [...]
SEJONG, June 23 (Korea Bizwire) – One-person households are spending more than their income on average, data showed Saturday, in a sign of economic trouble for a growing number of such households. The average monthly income of one-person households came to 1.69 million won (US$1,520) in the fourth quarter of 2017, according to data compiled [...]
SEOUL, Oct. 11 (Korea Bizwire) – CJ Cheiljedang Corp., South Korea’s leading processed foods maker, said Wednesday it will invest 200 billion won (US$176 million) to further foster its instant meal business in the next three years to meet robust consumer demands. The affiliate of the country’s food and entertainment giant CJ said it aims [...]
BUSAN, Sept. 6 (Korea Bizwire) — From those in their 20s living in humble rooftop studios, to stable and independent single thirtysomethings and elderly people in their 70s that suffer from loneliness, a new report is encouraging the government to take distinctive approaches to address the issues facing single-person households of different age groups. The comprehensive [...]
SEOUL, Feb. 28 (Korea Bizwire) – More than half of people seeking to run their own business in South Korea are considering opening a cafe or a bakery, a survey showed Tuesday. In a survey of 4,625 people who have filed an online application to attend the upcoming International Franchise Seoul expo, 65 percent said [...]
SEOUL, Feb. 6 (Korea Bizwire) – The rise of single-person households and working couples has led to remarkable growth in the convenience food market in the past five years, with soaring demand for convenience store lunch boxes, ready-to-eat packaged fruit, and other forms of food products promising to help make life easier for busy modern-day [...]
SEOUL, March 22 (Korea Bizwire) – The number of single-person households in Korea has continued to increase, and now makes up a quarter of the total, exerting great influence on the food and beverage, retail, and service industries. According to recent industry reports, the number of single-person households reached 5.06 million last year (26.5 [...]
SEOUL, July 20 (Korea Bizwire) – With the increase of so-called “home alone” people or single-person households, a wave of change is coming to Koreans’ consumption patterns, and it is affecting the stock prices of related industries. Restaurants or karaoke rooms for one visitor are already thriving in Korea, and various ‘home alone’ products such [...]
SEOUL, Jun. 9 (Korea Bizwire) — It is estimated that in 2035, two out of three households in Seoul will be composed of one or two people. According to an infographic published by the Seoul Institute on June 8, the share of such small households in 2000 was 33.3 percent in Seoul. The share in [...]