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 [...]
SEOUL, March 22 (Korea Bizwire) — More than 1 in 10 South Korean young adults feel that they are isolated from society, a study showed Monday. The National Youth Policy Institute conducted a survey of 2,041 young adults between the ages of 18 and 34, 13.4 percent of whom felt “isolated from other people.” Among [...]
SEJONG, March 17 (Korea Bizwire) – The number of South Koreans getting married tumbled to a new all-time low in 2021 amid the coronavirus pandemic and young people’s changing attitude toward marriage, government data showed Thursday. The number of couples tying the knot in Asia’s fourth-largest economy came to 193,000 last year, down 9.8 percent from the [...]
SEOUL, Feb. 28 (Korea Bizwire) — About half of young South Korean workers were not satisfied with their income level, a survey showed Sunday. The National Youth Policy Institute conducted a survey of 4,141 South Koreans between 19 and 34 years of age, and found that the annual income of the respondents averaged 22.23 million [...]
SEOUL, Feb. 7 (Korea Bizwire) — The suicide rate among young South Koreans in their 20s marked a sharp increase last year compared to the figure recorded in 2016. The number of suicides among young people between the ages of 21 and 30 stood at 1,501 in 2020, up 32 percent from 1,137 in 2016, [...]
SEOUL, Feb. 6 (Korea Bizwire) — The proportion of apartments bought by people in their 30s or younger reached an all-time high last year amid “panic buying” over soaring housing prices, data showed Sunday. The buyers of this age group accounted for 31 percent of the country’s total apartment sales in 2021, up from 29.2 [...]
SEOUL, Feb. 4 (Korea Bizwire) — An increasing number of South Korean young people are turning to so-called ‘Sneaker Tech’, in which they can make profits by buying and selling rare used sneakers. A YouTube video went viral last month when a department store in Daegu sold limited-edition Nike golf shoes. As soon as the [...]
SEOUL, Dec. 29 (Korea Bizwire) — Young South Koreans are more worried about the country’s lack of jobs than young people in any other country, a survey showed Tuesday. The Korean National Commission for UNESCO conducted a survey of 1,000 people between the ages of 19 and 34, 34 percent of whom picked ‘lack of [...]
SEOUL, Dec. 17 (Korea Bizwire) — As the COVID-19 pandemic continues to drag on, many children, teenagers and young adults in South Korea are struggling with a sense of depression and despair. The National Youth Policy Institute conducted a survey of 4,347 people between the ages of 9 and 24 (excluding high school seniors), 22 [...]
SEOUL, Dec. 13 (Korea Bizwire) — The younger generation of people who want to engage in a romantic relationship, get married, and start a family but believe that there is a low chance of doing so have a relatively higher proportion of men leaning towards the political right, a study showed Sunday. The Institute for [...]