SEOUL, Oct. 3 (Korea Bizwire) –The average monthly expenditure on books by households in their 20s and 30s has dropped below 10,000 won for the first time, marking a significant shift in spending habits. To put this into perspective, it’s interesting to note that the average cost of a lunch for an office worker this [...]
SEOUL, Oct. 3 (Korea Bizwire) – Insider stock ownership at South Korea’s family-run conglomerates rose in 2023 from a year earlier, data showed Tuesday, as more founding members sought to tighten their grip on management. The insider stock ownership rate of 72 conglomerates that have group owners reached 61.2 percent this year, up 1.3 percentage [...]
SEOUL, Oct. 3 (Korea Bizwire) –The market for online e-coupon services, which provide gift certificates in the form of barcodes, is experiencing rapid growth. This surge can be attributed to the sustained popularity of non-face-to-face gifting practices that emerged during and after the COVID-19 pandemic. The online shopping industry anticipates that the transaction value of [...]
SEOUL, Oct. 3 (Korea Bizwire) — South Koreans’ happiness level is rising slowly but surely, unlike what the country’s ranking on happiness indices might suggest, according to a presidential committee promoting national cohesion. The Presidential Committee of National Cohesion said in a paper published last month that it reached the conclusion after comparing and analyzing [...]
SEOUL, Oct. 1 (Korea Bizwire) – Nearly 8 out of 10 South Koreans in their 20s and 30s agree on the need for Seoul to improve relations with Japan, a survey showed Saturday. The online poll — conducted by the Korea Youth Foundation — found 22 percent of the respondents said they “strongly agree” with [...]
SEOUL, Sept. 30 (Korea Bizwire) – The top 1 percent of South Korean singers in terms of income earned an average of 4.62 billion won (US$3.4 million) per person in 2021, with their aggregate income accounting for nearly 70 percent of that earned by all singers in the country that year, data showed Saturday. A [...]
SEOUL, Sept. 30 (Korea Bizwire) – Assets held by South Korean households in Seoul and the surrounding metropolitan areas were some 70 percent larger than those owned by households in the non-metropolitan regions, data showed Saturday. The average per-household assets in Seoul, the western city of Incheon and the surrounding Gyeonggi Province came to 692.46 [...]
SEOUL, Sept. 29 (Korea Bizwire) – South Korea’s imports of whiskey are anticipated to set a fresh high this year as the combined amount of inbound shipments soared 40 percent on-year through August, data showed Friday. Imports of whiskey products came to 22,799 tons over the January-August period, jumping from 16,267 tons tallied in the [...]
SEOUL, Sept. 28 (Korea Bizwire) — More than half of South Koreans were opposed to allowing people to bring their pets to national cemeteries despite the country’s growing population of dog and cat owners, a poll showed Thursday. In the poll of 1,005 adults aged between 19 and 69, 54 percent said they were opposed [...]
SEOUL, Sept. 27 (Korea Bizwire) – Four out of every 10 South Koreans who live alone rent their homes and spend an average of 300,000 won per month on rent. These individuals prefer ordering food for delivery and eating ready-to-eat meals that require little preparation. According to a report titled “How Single-Person Households Spend Money Based [...]