SEOUL, Aug. 29 (Korea Bizwire) — The percentage of young adults who hold a favorable view of marriage has significantly decreased compared to a decade ago, a survey showed Monday. According to a survey conducted by Statistics Korea, only 36.4 percent of young adults expressed a positive attitude towards marriage in May 2022, marking a [...]
SEOUL, Aug. 22 (Korea Bizwire) — A growing number of young South Koreans are struggling to cover even modest monthly interest payments due to job instability, data showed Tuesday. Some 24.5 percent of South Koreans in their 20s, who availed microloans for their sustenance, faced difficulties in meeting interest obligations as of Aug. 4, according [...]
SEOUL, June 30 (Korea Bizwire) — Young Koreans in the “Generation MZ,” a term used in Korea to encompass millennials and Generation Z, are displaying a keen interest in designer brand bags, which have gone viral on social media platforms. According to an analysis of handbag category sales from January to May of this year [...]
SEOUL, June 19 (Korea Bizwire) — Contrary to the declining number of Koreans in their 20s and job recruits, caused by the low birthrate and an aging society, there is an increasing trend among young South Koreans to refuse engagement in job-seeking activities. There were 6.15 million people in their 20s in the country as [...]
SEOUL, June 2 (Korea Bizwire) — Young South Koreans facing financial difficulties or in urgent need of money are increasingly relying on pawn shops. A well-known pawn shop in Gangnam district, Seoul, accepts various items as collateral for loans, including the latest smartphones, laptops, and cameras that are entrusted by people in their 20s and [...]
SEOUL, May 30 (Korea Bizwire) — South Koreans in their 20s and 30s are increasingly open about seeking therapy at outpatient psychiatry departments, data showed Monday. According to the data compiled by the Health Insurance Review and Assessment Service, the number of individuals seeking hospital treatment for depression reached 910,785 in 2021, marking a 35 percent increase [...]
SEOUL, May 29 (Korea Bizwire) — A 30-year-old local office worker recently visited a cafe in Seoul’s Gangnam District that offers “coffee omakase,” where the barista recommends the coffee. For 30,000 won (US$22.59) per couple, customers can enjoy three cups of coffee and take out an Americano. “I had to visit early in the morning [...]
SEOUL, March 22 (Korea Bizwire) — South Korean male and female adults usually have sex for the first time between the ages of 20 and 24, a survey showed Tuesday. The Korea Institute for Health and Social Affairs conducted a nationwide survey of 3,193 adults between the ages of 19 and 59, with 65.9 percent [...]
SEOUL, March 21 (Korea Bizwire) — The number of unmotivated young adults deciding against preparing to get a job reached 500,000 last month, setting a new record high. Among all non-working individuals in the country, 497,000 young adults “rested” for the entire month of February, up by 9.9 percent from the previous year, according to [...]
SEOUL, March 7 (Korea Bizwire) — Over half of young women in South Korea said they are willing to give birth, a government survey showed Tuesday, as the nation is struggling to boost the world’s lowest fertility rate. According to the survey of 15,000 young people aged 19 to 34, 55.3 percent of female respondents [...]