SEJONG, August 6 (Korea Bizwire) — South Korea’s elderly workforce continues to grow, with the number of economically active people aged 55 to 79 surpassing 10 million for the first time, fueled by longer life expectancies, rising living costs, and inadequate pension income, according to new government data released Tuesday. The report, published by Statistics [...]
SEJONG, June 20 (Korea Bizwire) – More than 60 percent of South Korean couples in their 30s and 40s now live in dual-income households, reflecting shifting work-life dynamics as economic pressures and evolving gender roles reshape family life. Meanwhile, single-person households continue to surge, surpassing 8 million for the first time, according to new government [...]
SEOUL, March 25 (Korea Bizwire) — South Korea’s elderly poverty rate remains the highest among OECD nations, according to the “Korea SDG Implementation Report 2025″ released by Statistics Korea on March 24. The comprehensive report, which analyzes Korea’s progress on 17 sustainable development goals through comparisons with other OECD countries, reveals both improvements and persistent [...]
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 [...]