Korea Joongang Daily
Korea JoongAng Daily

Korean households expected to spend less in 2025, survey finds

Households in Korea are expected to reduce their spending by an average of 1.6 percent in 2025 from this year, a poll showed Thursday

2024-12-19

Younger Koreans more willing to have children, survey says

Young Koreans are more open to having children than they were just several years ago, according to the latest government survey. Officials see the recent results as a hopeful indicator of a reversal in the country’s chronically low birthrate

2024-04-17

Korean households boosted savings during Covid-19

Korean households saved an additional 100 trillion won (US$77.7 billion) or more during the Covid-19 pandemic due to reduced consumption and increased government support, a central bank report showed Monday.

2023-07-24

[Editorial] Not your grandparents’ households

The demographic shifts and the structural changes in households demand corresponding changes in residential, tax, welfare and labor fields.

2023-01-15

Number of households in Seoul set to decline from 2030: Statistics Korea

The number of households in the capital city of Seoul is expected to gradually decrease starting in 2030, data showed Thursday, as more people move to other areas in search of affordable housing.

2022-10-20

Some 380,000 households at high risk of default due to excessive debt burden: BOK

Some 380,000 households in Korea were found to be at high risk of financial default due to excessive debt burdens, a central bank report showed Monday.

2022-10-10

Happy women spend money (KOR)

“Before a business trip, I make beef soup, divide and freeze it into small servings.” “I am thankful that my husband helps out with dishes.” If you are smiling at the inspirational stories of successful working moms, you are not...

2021-09-15

Happy women spend money

“Before a business trip, I make beef soup, divide and freeze it into small servings.” “I am thankful that my husband helps out with dishes.” If you are smiling at the inspirational stories of successful working moms, you are not...

2021-09-15

Seoul city forms team for welfare of single-person households

Seoul city has put together a special team to focus on welfare and housing policies for single-person households starting Monday. “This was a campaign pledge of Seoul Mayor Oh Se-hoon, to put together a task force team to focus on policies for...

2021-04-19

Home-meal replacement market grows rapidly

Korea's home-meal replacement product market was estimated at 4.2 trillion won ($3.68 billion) in 2019, data showed Thursday, with the sector expected to continue to grow down the road on the growing number of single-member households.

2021-03-11