Single-person households Archives | Be Korea-savvy
CJ Cheiljedang to Spend 200 Billion Won on Instant Food Business

CJ Cheiljedang to Spend 200 Billion Won on Instant Food Business

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 [...]

Government Urged to Tailor Support for Single-Person Households to Age Group

Government Urged to Tailor Support for Single-Person Households to Age Group

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 [...]

Single Households, Economic Slump Drive up Demand for Small Startups: Survey

Single Households, Economic Slump Drive up Demand for Small Startups: Survey

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 [...]

Despite Global Downturn, Convenience Food Thriving in Korea

Despite Global Downturn, Convenience Food Thriving in Korea

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 [...]

Single-Person Households Drive Changing Consumption Patterns

Single-Person Households Drive Changing Consumption Patterns

  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 [...]

Increasing Single-person Households Raise Share Prices of CVS Franchise Operators

Increasing Single-person Households Raise Share Prices of CVS Franchise Operators

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 [...]