SEOUL, Oct. 7 (Korea Bizwire) — Abuse of opioid medications like painkillers, anorectics and anesthetics is spreading among South Korean teens and 20-somethings. Rep. Kang gi-yun of the People Power Party referred to a report from the Ministry of Food and Drug Safety showing that there were 61,087 prescriptions for fentanyl patches issued to those [...]
SEOUL, Oct. 5 (Korea Bizwire) — Four out of 10 individuals who missed mobile phone bill payments turned out to be in their 20s or 30s, data showed Tuesday. According to the data that Rep. Lee Jung-mun of the Democratic Party received from the Ministry of Science and ICT, the number of cases in which [...]
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 [...]
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 [...]
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 [...]
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 [...]
SEOUL, June 21 (Korea Bizwire) — South Korean young people who invested heavily in apartments, stocks or crypto-assets last year are being hit with a breakdown in asset values. What’s more, the expected rise of U.S. interest rates is getting people worried, especially those who have borrowed large sums of money to buy real estate. [...]
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 [...]
SEOUL, April 27 (Korea Bizwire) — The 29-year-old man, surnamed Park, first jumped into the job market in 2017, and quit four jobs before landing a position at a public agency in Gyeonggi Province. “Everyone would tell me that transferring to another job was pointless since all companies are the same. They always thought I [...]
SEOUL, April 4 (Korea Bizwire) — More than three out of 10 young adults in South Korea start their careers as temporary workers, a report showed Sunday. According to a survey conducted by the National Youth Policy Institute of 2,041 men and women aged between 18-34, 63.9 percent of the respondents said that the continuous [...]