SEOUL, Jun. 4 (Korea Bizwire) – Nearly one in three South Koreans born in the 1960s fear dying alone, according to a recent survey, highlighting growing anxieties about inadequate care and financial instability for a cohort known as the last to have supported their parents and the first to receive little assistance from their children. The [...]
SEOUL, March 27 (Korea Bizwire) — Millennials, born between 1985 and 1996, consider pets to be their friends, while baby boomers, born between 1955 and 1964, see them as children. LOTTE Members, operator of membership reward service L.POINT, conducted a nationwide survey of 600 men and women between 23 and 64 years of age, which [...]
SEOUL, Oct. 24 (Korea Bizwire) — With the baby boom generation entering their 60s, many are reaching retirement age. A recent study showed, however, that more baby boomers were either asked to resign, fired, or cut from their jobs due to company difficulties. According to a report from the Korea Labor Institute (KLI) announced on [...]
SEOUL, Jun. 22 (Korea Bizwire) — According to the Bank of Korea’s latest report submitted to the National Assembly, overall levels of household debt are on the rise. The report concludes that the two major factors responsible are excessive real estate investment and the aging population. Almost two thirds of the average Korean’s financial portfolio [...]
SEOUL, Feb. 23 (Korea Bizwire) – Those born in the year 1958, the year of the dog, are symbolic of the turbulent changes that South Korea has experienced over the past half-century. They also represent the baby boomers born between 1955 and 1960, just after the Korean War. The year 1958 was also the first [...]
SEJONG, Sept. 6 (Korea Bizwire) – With Korea’s low fertility rate of 1.24 (2015) and more of its working population retiring, an aging society is now at hand. The trend was reflected in a recent report by the National Tax Service and the Korea Institute of Public Finance, which noted the dramatic increase in the [...]
SEJONG, Dec. 10 (Korea Bizwire) - South Korea’s so-called echo boom generation has less pride in their Korean identity and are more self-oriented than baby boomers, nationwide data showed Thursday. According to the 2015 Korean Social Trend report by Statistics Korea, people born between 1979 to 1992, who make up 19.5 percent of the country’s population, [...]
SEOUL, Aug. 26 (Korea Bizwire) – The ‘Sampo Generation’ which is the Korean version of ‘millennials’, who gave up employment, marriage and child birth, have turned out to be more conservative than the Generation X or Baby Boomers when it comes to asset management. Those in the Sampo Generation prefer to invest in deposit and installment [...]
SEOUL, Aug. 13 (Korea Bizwire) — A recent study shows that the retired “baby boomers” are rapidly turning into “pet boomers.” According to a study conducted by Auction, Korea’s online auction and e-commerce company, on the sales of pet products on its website, the sales from buyers who are in the age group of 50s and [...]
SEOUL, July 21 (Korea Bizwire) – In the United States, the world’s largest consumer market, baby boomers, Hispanics, and millennials, have fast emerged as the three most power consumer groups. The Korea Trade-Investment Promotion Agency recommended to Korean consumer goods exporters that they must come up with marketing strategies that take into account these changes. In [...]