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Briefings Fewer South Koreans marrying will likely lead to lower demand for homeownershipNew data shows that only a third of young South Koreans married in 2022, a decrease from the previous year Statistics Korea reported that 33.7% of people aged 25 to 39 were married in 2022, a decrease of 2.4 percentage points from the previous year. Employment rates were higher among married men (91.1%) compared to unmarried men (73.5%), while married women had lower employment rates (61.1%) than their unmarried counterparts (71.8%). The median annual income for married individuals was about $30,000 (40.56 million won), higher than the $24,000 (32.2 million won) for unmarried individuals. The report also found that 31.7% of married individuals owned homes, compared to 10.2% of unmarried individuals. Married people were more likely to live in apartments © Korea Risk Group. All rights reserved. |





