SEOUL, June 22 (Korea Bizwire) — South Korea’s young single-person households living on monthly rent are paying more than 300,000 won (US$265) in monthly rent on average, data showed Monday. The actual monthly housing expenses for the nation’s young (less than 30 years old) single-person households averaged 315,534 won in the first quarter of this [...]
SEOUL, March 26 (Korea Bizwire) — State-run Korea Electric Power Corp. (KEPCO) will be introducing a caretaking service for single-person households to prevent solitary deaths. KEPCO signed a memorandum of understanding with Jeju City and SK Telecom Co. to provide a big data-based social security service on Thursday. This new service will conduct an artificial [...]
SEOUL, Dec. 29 (Korea Bizwire) — Lee Min-hyung, a 27-year-old graduate student, started a new hobby this year – taking pictures of the food he made in his rented room and uploading them to social media. After the onset of the COVID-19 pandemic, he has refrained from eating out and instead decided to cook food [...]
SEOUL, Nov. 9 (Korea Bizwire) — Single-person households in the vast majority of regions in South Korea are projected to account for more than 30 percent of all households by 2047. The KB Financial Group’s research unit published a report on single-person households in South Korea on Monday. The institute conducted a survey of 2,000 [...]
SEOUL, Sept. 22 (Korea Bizwire) – Seoul’s single-person households throw away about 30 pieces of disposable items per day on average, more than twice as much as the average multi-person household. According to a survey conducted by the Seoul Digital Foundation, the quantity of disposable packaging materials such as styrofoam thrown away by single-person households [...]
SEOUL, July 8 (Korea Bizwire) — A single-person household is the most common type of living arrangement in South Korea, data showed Wednesday. Data released by the Ministry of the Interior and Safety showed 8.77 million single-person residence registrations, accounting for 39 percent of the total number of 22.7 million. The second most common type [...]
SEOUL, March 10 (Korea Bizwire) — With the growing number of single-person households in South Korea, the real estate market is also seeing more and more residential complexes supplying small-sized apartments. The market is reducing some of the traditionally popular medium- and large-sized units and expanding the supply of small ones. The number of family [...]
SEOUL, Feb. 4 (Korea Bizwire) — As the number of single-person households increases, especially for men and women in their 40s and 50s, the need to come up with appropriate housing measures has been voiced. The Korea Research Institute for Human Settlements suggested in a recent report that housing policies should be reset to reflect [...]
JEJU, Nov. 15 (Korea Bizwire) — A recent report has confirmed a significant increase in the number of single-person households on Jeju Island. According to a report released Thursday by the Jeju Branch of the Honam Regional Statistical Office, the number of single-person households on Jeju amounted to 73,250 last year, up 180.1 percent, or [...]
SEOUL, Jul. 23 (Korea Bizwire) — As housing shortages continue and crimes threaten single-person households, shared houses are becoming increasingly popular for their cost-effectiveness and stability benefits. On Monday, the house-sharing platform Come&Stay Co. unveiled the findings of a recent survey that showed that the preference for house sharing was growing fast. The survey was [...]