SEOUL, Feb. 11 (Korea Bizwire) — The South Korean market for instant meals has expanded beyond single-person households to the middle-aged population, the country’s leading processed foods maker, CJ Cheiljedang Corp., said Monday. The ready-to-eat items, often referred to as home meal replacement (HMR) products here, have become increasingly popular, mainly on the back of [...]
BUSAN, Feb. 7 (Korea Bizwire) — With an increasing number of single-person households in South Korea, the Busan Metropolitan Council plans to deliberate on a ‘loneliness prevention’ bill. “We are trying to develop new legislation that can address the loneliness problem, which is becoming a serious social issue resulting in suicide and solitary deaths,” said [...]
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 [...]