young people Archives | Be Korea-savvy
Lifting of Outdoor Mask Mandate Have Young Koreans Flocking to Skin and Plastic Surgery Clinics

Lifting of Outdoor Mask Mandate Have Young Koreans Flocking to Skin and Plastic Surgery Clinics

SEOUL, Sept. 13 (Korea Bizwire) — With the government lifted the outdoor mask mandate earlier this year, more Koreans in their 20s are frequenting skin and plastic surgery clinics. Monimo, a new integrated brand and unified platform of Samsung Group’s financial affiliates, reported a 26 percent increase in spending among Samsung Card holders between the [...]

Growing of Young S. Koreans Borrowing from Non-banking Financial Sectors

Growing of Young S. Koreans Borrowing from Non-banking Financial Sectors

SEOUL, July 15 (Korea Bizwire) — The value of loans issued to young South Koreans from the non-banking financial sector is on the rise, with some being pushed into declaring bankruptcy. Rep. Jin Sun-mee of the Democratic Party shared a report from the Financial Supervisory Service that showed young South Koreans under the age of [...]

Young Koreans Turn to Blogs to Share Personal Stories

Young Koreans Turn to Blogs to Share Personal Stories

SEOUL, July 11 (Korea Bizwire) – Many young South Koreans are turning to online blogs to write journals. The country’s top internet portal operator, Naver Corp. reported that following the ‘weekly journal-writing challenge’ program that encouraged bloggers to write journal entries every week, the number of new blogs jumped by 14 percent, 80 percent of [...]

High Interest Rates Take Toll on Young S. Korean Tenants

High Interest Rates Take Toll on Young S. Korean Tenants

SEOUL, July 6 (Korea Bizwire) — South Koreans in their 20s and 30s are struggling with rising interest rates. A majority of loans for jeonse (long-term deposits for rent), in particular, are provided at floating interest rates, which makes young South Koreans react to an increase in interest rates with concern or give up on [...]

Majority of Young Koreans Who Applied for Personal Rehabilitation Received Loans from Non-banking Institutions

Majority of Young Koreans Who Applied for Personal Rehabilitation Received Loans from Non-banking Institutions

SEOUL, May 5 (Korea Bizwire) — Eight out of 10 young people in their twenties who applied for personal rehabilitation took out loans from secondary financial institutions including credit cooperatives and savings banks, a survey showed Wednesday. The Seoul Financial Welfare Counseling Center conducted a survey of 512 young people in their twenties who completed [...]

Young Investors Deposited 19 tln Won in Cryptocurrency Last Year

Young Investors Deposited 19 tln Won in Cryptocurrency Last Year

SEOUL, April 1 (Korea Bizwire) — Investors in their 20s and 30s deposited a total of 19.04 trillion won (US$15.6 billion) in South Korea’s major cryptocurrency exchanges last year, data showed Thursday. The Financial Supervisory Service reported that the five major cryptocurrency exchanges in South Korea were holding investments of 52.8 trillion won as of [...]