A report by the Bank of Korea’s Gwangju and Jeollanam-do Office revealed that the increase in single-person households in these regions could impact the local economy and industrial structure. The report noted that single-person households have distinct consumption patterns, focusing spending on specific items such as food and housing, which could lead to growth in certain industries like food and lodging, real estate, and health and welfare. However, industries activated by the consumption structure of multi-person households, such as education, financial insurance, and information and communication, could see a slowdown in growth.
Original Article: Read More
Auto-posted at: 2025-03-18 21:04:11