SEJONG, Nov. 27 (Korea Bizwire) – South Koreans experience their largest per-capita financial deficit of 40.78 million won at age 17 and reach their maximum surplus of 17.53 million won at age 43, according to new government data. Labor income begins declining after peaking at 43, leading to a return to deficit spending at age 61. [...]
SEOUL, July 12 (Korea Bizwire) — Half of South Korean men are single without having been married before, while 1 in 3 women are also single, data showed Tuesday. According to a report released by Statistics Korea, there were 192,000 marriages in South Korea last year, a drop of 103,000 cases since 1970. The crude [...]
SEOUL, July 31 (Korea Bizwire) — A recent study revealed that the level of leisure satisfaction among South Koreans was the highest among women who support the idea of traditional gender roles in which men are the breadwinners and women are the homemakers. A majority of South Koreans, however, oppose traditional gender roles. Statistics Korea [...]
SEOUL, Jul. 30 (Korea Bizwire) — Over the past 38 years, the total income of farmers who grow peaches and onions has increased the most, a recent report has revealed. According to Statistics Korea’s survey of the total income changes for growers of 17 major crops between 1980 and 2018, peaches, with an average annual [...]
SEOUL, Jun. 5 (Korea Bizwire) — According to a survey conducted by Statistics Korea, families in the highest income bracket spent 27 times more money on private lessons for their children than those from lower income backgrounds. The survey found that income earners in households belonging to the top 20 percent spent 242,600 won on [...]
SEOUL, Apr. 26 (Korea Bizwire) — A new report has revealed that South Koreans in their 20s now spend less time enjoying cultural activities than teenagers. According to data released by Statistics Korea on Thursday, 87.1 percent of teenagers between 13 and 19 years of age enjoyed more than one type of cultural activity including plays, [...]
SEJONG, Apr. 15 (Korea Bizwire) — The number of divorces attributed to infidelity by spouses amounted to 7,528 in South Korea last year, accounting for 7.1 percent of the nation’s total 106,032 marriage breakups, Statistics Korea said Saturday. The number of divorces resulting from extramarital affairs, cheating and other acts of infidelity has steadily decreased [...]
SEOUL, April 2 (Korea Bizwire) — The middle-aged are the most satisfied with their income out of any age group, while young adults (19 to 29) are most content with their consumer life, according to 2017 figures on South Korean social trends from Statistics Korea. On the whole, income dissatisfaction was more prevalent than the [...]
SEJONG, March 21 (Korea Bizwire) – The number of South Koreans getting married fell to the lowest level in 2017, government data showed Wednesday, as young people delay marriage amid a prolonged economic slowdown. The number of people tying the knot came to 264,500 in 2017, down 6.1 percent, or 17,200, from a year earlier, [...]
SEJONG, March 15 (Korea Bizwire) – Monthly expenditures on private education here reached an all-time high last year amid a steady drop in the number of students, data showed Thursday. Monthly spending on private education averaged 271,000 won (US$254) per child in 2017, up 5.9 percent, or 15,000 won, from a year earlier, according to the data compiled by Statistics Korea. It marked the largest monthly total since [...]