SEOUL, Dec. 3 (Korea Bizwire) – Single-person households in South Korea have reduced spending due mainly to high housing expenses and a tough job market situation, affecting the recovery of private consumption, a central bank report showed Tuesday. The proportion of one-person households out of the country’s total has been on a constant increase from [...]
SEOUL, Sept. 12 (Korea Bizwire) – The proportion of one-person households in South Korea is projected to surpass 40 percent in 2052 amid a delay in marriages and rapid aging, the statistics agency said Thursday. The number of households consisting of one member is forecast to reach 9.62 million in 2052, taking up 41.3 percent [...]
SEOUL, Jan. 4 (Korea Bizwire) – The number of single-person households increased further last year to account for a record high of 42 percent of all households, data from the interior ministry showed Thursday. According to the resident registration data from the ministry, the total number of registered households in the country rose by 0.9 [...]
SUWON, Dec. 8 (Korea Bizwire) – The percentage of single-person households in Gyeonggi Province has exceeded 30 percent of all households in the province. According to the “2023 Gyeonggi Province Single-person Household Statistics” report released on Thursday, there were 1.64 million single-person households recorded at the conclusion of the 2022 census, constituting 30.2 percent of the [...]
SEOUL, Sept. 27 (Korea Bizwire) – Four out of every 10 South Koreans who live alone rent their homes and spend an average of 300,000 won per month on rent. These individuals prefer ordering food for delivery and eating ready-to-eat meals that require little preparation. According to a report titled “How Single-Person Households Spend Money Based [...]
SEOUL, July 12 (Korea Bizwire) — More than two-thirds of single-person households in South Korea pay monthly rent, which accounts for the majority of their expenditures, a survey showed Tuesday. Station3 Inc., the operator of real estate brokerage app Dabang, surveyed 832 app users and found that 45 percent of them were living alone. Of [...]
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 [...]