{"id":2206435,"date":"2024-09-11T08:00:48","date_gmt":"2024-09-10T23:00:48","guid":{"rendered":"https:\/\/koreapro.org\/?p=2206435"},"modified":"2024-09-10T16:33:28","modified_gmt":"2024-09-10T07:33:28","slug":"fewer-south-koreans-marrying-will-likely-lead-to-lower-demand-for-homeownership","status":"publish","type":"post","link":"https:\/\/koreapro.org\/2024\/09\/fewer-south-koreans-marrying-will-likely-lead-to-lower-demand-for-homeownership\/","title":{"rendered":"Fewer South Koreans marrying will likely lead to lower demand for homeownership"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Statistics Korea <\/span><a href=\"https:\/\/kostat.go.kr\/board.es?mid=a10301010000&amp;bid=11895&amp;act=view&amp;list_no=432676&amp;tag=&amp;nPage=1&amp;ref_bid=203,204,205,206,207,210,211,11109,11113,11814,213,215,214,11860,11695,216,218,219,220,10820,11815,11895,11816,208,245,222,223,225,226,227,228,229,230,11321,232,233,234,12029,10920,11469,11470,11817,236,237,11471,238,240,241,11865,243,244,11893,11898,12031,11825,246&amp;keyField=T&amp;keyWord=&amp;bodo_b_type=all\"><span style=\"font-weight: 400;\">reported<\/span><\/a><span style=\"font-weight: 400;\"> 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.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">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 (76.7%) than unmarried individuals (47.6%).<\/span><\/p>\n<p><b>WHY IT MATTERS<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Statistics Korea\u2019s report reveals a significant gap in homeownership between married and unmarried individuals. Marriages had been trending downward in South Korea for more than a decade. Although that trend appears to have <\/span><a href=\"https:\/\/kostat.go.kr\/board.es?mid=a10301010000&amp;bid=204&amp;act=view&amp;list_no=429995&amp;tag=&amp;nPage=13&amp;ref_bid=203,204,205,206,207,210,211,11109,11113,11814,213,215,214,11860,11695,216,218,219,220,10820,11815,11895,11816,208,245,222,223,225,226,227,228,229,230,11321,232,233,234,12029,10920,11469,11470,11817,236,237,11471,238,240,241,11865,243,244,11893,11898,12031,11825,246&amp;keyField=T&amp;keyWord=&amp;bodo_b_type=all\"><span style=\"font-weight: 400;\">moderately reversed<\/span><\/a><span style=\"font-weight: 400;\"> this year, demographic data suggests that this may have a significant impact on the housing market.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A growing population of unmarried, non-homeowning youth may shift focus to rental markets and smaller living spaces in the coming years. Developers will likely have to prioritize smaller, affordable units to accommodate single-person households, while financial institutions will likely have to adjust mortgage products to better suit the needs of first-time buyers.<\/span><\/p>\n<div class=\"content-tags\"><a href=\"https:\/\/koreapro.org\/tag\/business-economy\/\"><span class=\"tag\">Business &amp; Economy<\/span><\/a><a href=\"https:\/\/koreapro.org\/tag\/culture-society\/\"><span class=\"tag\">Culture &amp; Society<\/span><\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":10407,"featured_media":2206437,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[24,25],"class_list":["post-2206435","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-briefings","tag-business-economy","tag-culture-society"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Fewer South Koreans marrying will likely lead to lower demand for homeownership - Korea Pro<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/koreapro.org\/2024\/09\/fewer-south-koreans-marrying-will-likely-lead-to-lower-demand-for-homeownership\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fewer South Koreans marrying will likely lead to lower demand for homeownership - Korea Pro\" \/>\n<meta property=\"og:description\" content=\"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 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/koreapro.org\/2024\/09\/fewer-south-koreans-marrying-will-likely-lead-to-lower-demand-for-homeownership\/\" \/>\n<meta property=\"og:site_name\" content=\"Korea Pro\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/nknewsorg\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-10T23:00:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-10T07:33:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/09\/eb-7.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1870\" \/>\n\t<meta property=\"og:image:height\" content=\"1000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"johnleenknews\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@southkoreapro\" \/>\n<meta name=\"twitter:site\" content=\"@southkoreapro\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"KOREA PRO\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/koreapro.org\/2024\/09\/fewer-south-koreans-marrying-will-likely-lead-to-lower-demand-for-homeownership\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/koreapro.org\/2024\/09\/fewer-south-koreans-marrying-will-likely-lead-to-lower-demand-for-homeownership\/\"},\"author\":{\"name\":\"johnleenknews\",\"@id\":\"https:\/\/koreapro.org\/#\/schema\/person\/b9766dba611638edc06a6e0b7078714d\"},\"headline\":\"Fewer South Koreans marrying will likely lead to lower demand for homeownership\",\"datePublished\":\"2024-09-10T23:00:48+00:00\",\"dateModified\":\"2024-09-10T07:33:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/koreapro.org\/2024\/09\/fewer-south-koreans-marrying-will-likely-lead-to-lower-demand-for-homeownership\/\"},\"wordCount\":207,\"publisher\":{\"@id\":\"https:\/\/koreapro.org\/#organization\"},\"image\":{\"@id\":\"https:\/\/koreapro.org\/2024\/09\/fewer-south-koreans-marrying-will-likely-lead-to-lower-demand-for-homeownership\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/09\/eb-7.png\",\"keywords\":[\"Business &amp; Economy\",\"Culture &amp; Society\"],\"articleSection\":[\"Briefings\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/koreapro.org\/2024\/09\/fewer-south-koreans-marrying-will-likely-lead-to-lower-demand-for-homeownership\/\",\"url\":\"https:\/\/koreapro.org\/2024\/09\/fewer-south-koreans-marrying-will-likely-lead-to-lower-demand-for-homeownership\/\",\"name\":\"Fewer South Koreans marrying will likely lead to lower demand for homeownership - Korea Pro\",\"isPartOf\":{\"@id\":\"https:\/\/koreapro.org\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/koreapro.org\/2024\/09\/fewer-south-koreans-marrying-will-likely-lead-to-lower-demand-for-homeownership\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/koreapro.org\/2024\/09\/fewer-south-koreans-marrying-will-likely-lead-to-lower-demand-for-homeownership\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/09\/eb-7.png\",\"datePublished\":\"2024-09-10T23:00:48+00:00\",\"dateModified\":\"2024-09-10T07:33:28+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/koreapro.org\/2024\/09\/fewer-south-koreans-marrying-will-likely-lead-to-lower-demand-for-homeownership\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/koreapro.org\/2024\/09\/fewer-south-koreans-marrying-will-likely-lead-to-lower-demand-for-homeownership\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/koreapro.org\/2024\/09\/fewer-south-koreans-marrying-will-likely-lead-to-lower-demand-for-homeownership\/#primaryimage\",\"url\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/09\/eb-7.png\",\"contentUrl\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/09\/eb-7.png\",\"width\":1870,\"height\":1000},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/koreapro.org\/2024\/09\/fewer-south-koreans-marrying-will-likely-lead-to-lower-demand-for-homeownership\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/koreapro.org\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Fewer South Koreans marrying will likely lead to lower demand for homeownership\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/koreapro.org\/#website\",\"url\":\"https:\/\/koreapro.org\/\",\"name\":\"Korea Pro\",\"description\":\"Be smart about South Korea. Up-to-date analysis on foreign relations, politics, society and economy. Made by the producers of NK PRO and NK News.\",\"publisher\":{\"@id\":\"https:\/\/koreapro.org\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/koreapro.org\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/koreapro.org\/#organization\",\"name\":\"Korea Pro\",\"url\":\"https:\/\/koreapro.org\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/koreapro.org\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2022\/11\/logo.png\",\"contentUrl\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2022\/11\/logo.png\",\"width\":360,\"height\":50,\"caption\":\"Korea Pro\"},\"image\":{\"@id\":\"https:\/\/koreapro.org\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/nknewsorg\/\",\"https:\/\/x.com\/southkoreapro\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Fewer South Koreans marrying will likely lead to lower demand for homeownership - Korea Pro","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/koreapro.org\/2024\/09\/fewer-south-koreans-marrying-will-likely-lead-to-lower-demand-for-homeownership\/","og_locale":"en_US","og_type":"article","og_title":"Fewer South Koreans marrying will likely lead to lower demand for homeownership - Korea Pro","og_description":"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 [&hellip;]","og_url":"https:\/\/koreapro.org\/2024\/09\/fewer-south-koreans-marrying-will-likely-lead-to-lower-demand-for-homeownership\/","og_site_name":"Korea Pro","article_publisher":"https:\/\/www.facebook.com\/nknewsorg\/","article_published_time":"2024-09-10T23:00:48+00:00","article_modified_time":"2024-09-10T07:33:28+00:00","og_image":[{"width":1870,"height":1000,"url":"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/09\/eb-7.png","type":"image\/png"}],"author":"johnleenknews","twitter_card":"summary_large_image","twitter_creator":"@southkoreapro","twitter_site":"@southkoreapro","twitter_misc":{"Written by":"KOREA PRO","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/koreapro.org\/2024\/09\/fewer-south-koreans-marrying-will-likely-lead-to-lower-demand-for-homeownership\/#article","isPartOf":{"@id":"https:\/\/koreapro.org\/2024\/09\/fewer-south-koreans-marrying-will-likely-lead-to-lower-demand-for-homeownership\/"},"author":{"name":"johnleenknews","@id":"https:\/\/koreapro.org\/#\/schema\/person\/b9766dba611638edc06a6e0b7078714d"},"headline":"Fewer South Koreans marrying will likely lead to lower demand for homeownership","datePublished":"2024-09-10T23:00:48+00:00","dateModified":"2024-09-10T07:33:28+00:00","mainEntityOfPage":{"@id":"https:\/\/koreapro.org\/2024\/09\/fewer-south-koreans-marrying-will-likely-lead-to-lower-demand-for-homeownership\/"},"wordCount":207,"publisher":{"@id":"https:\/\/koreapro.org\/#organization"},"image":{"@id":"https:\/\/koreapro.org\/2024\/09\/fewer-south-koreans-marrying-will-likely-lead-to-lower-demand-for-homeownership\/#primaryimage"},"thumbnailUrl":"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/09\/eb-7.png","keywords":["Business &amp; Economy","Culture &amp; Society"],"articleSection":["Briefings"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/koreapro.org\/2024\/09\/fewer-south-koreans-marrying-will-likely-lead-to-lower-demand-for-homeownership\/","url":"https:\/\/koreapro.org\/2024\/09\/fewer-south-koreans-marrying-will-likely-lead-to-lower-demand-for-homeownership\/","name":"Fewer South Koreans marrying will likely lead to lower demand for homeownership - Korea Pro","isPartOf":{"@id":"https:\/\/koreapro.org\/#website"},"primaryImageOfPage":{"@id":"https:\/\/koreapro.org\/2024\/09\/fewer-south-koreans-marrying-will-likely-lead-to-lower-demand-for-homeownership\/#primaryimage"},"image":{"@id":"https:\/\/koreapro.org\/2024\/09\/fewer-south-koreans-marrying-will-likely-lead-to-lower-demand-for-homeownership\/#primaryimage"},"thumbnailUrl":"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/09\/eb-7.png","datePublished":"2024-09-10T23:00:48+00:00","dateModified":"2024-09-10T07:33:28+00:00","breadcrumb":{"@id":"https:\/\/koreapro.org\/2024\/09\/fewer-south-koreans-marrying-will-likely-lead-to-lower-demand-for-homeownership\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/koreapro.org\/2024\/09\/fewer-south-koreans-marrying-will-likely-lead-to-lower-demand-for-homeownership\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/koreapro.org\/2024\/09\/fewer-south-koreans-marrying-will-likely-lead-to-lower-demand-for-homeownership\/#primaryimage","url":"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/09\/eb-7.png","contentUrl":"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/09\/eb-7.png","width":1870,"height":1000},{"@type":"BreadcrumbList","@id":"https:\/\/koreapro.org\/2024\/09\/fewer-south-koreans-marrying-will-likely-lead-to-lower-demand-for-homeownership\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/koreapro.org\/"},{"@type":"ListItem","position":2,"name":"Fewer South Koreans marrying will likely lead to lower demand for homeownership"}]},{"@type":"WebSite","@id":"https:\/\/koreapro.org\/#website","url":"https:\/\/koreapro.org\/","name":"Korea Pro","description":"Be smart about South Korea. Up-to-date analysis on foreign relations, politics, society and economy. Made by the producers of NK PRO and NK News.","publisher":{"@id":"https:\/\/koreapro.org\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/koreapro.org\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/koreapro.org\/#organization","name":"Korea Pro","url":"https:\/\/koreapro.org\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/koreapro.org\/#\/schema\/logo\/image\/","url":"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2022\/11\/logo.png","contentUrl":"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2022\/11\/logo.png","width":360,"height":50,"caption":"Korea Pro"},"image":{"@id":"https:\/\/koreapro.org\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/nknewsorg\/","https:\/\/x.com\/southkoreapro"]}]}},"_links":{"self":[{"href":"https:\/\/koreapro.org\/wp-json\/wp\/v2\/posts\/2206435"}],"collection":[{"href":"https:\/\/koreapro.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/koreapro.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/koreapro.org\/wp-json\/wp\/v2\/users\/10407"}],"replies":[{"embeddable":true,"href":"https:\/\/koreapro.org\/wp-json\/wp\/v2\/comments?post=2206435"}],"version-history":[{"count":1,"href":"https:\/\/koreapro.org\/wp-json\/wp\/v2\/posts\/2206435\/revisions"}],"predecessor-version":[{"id":2206438,"href":"https:\/\/koreapro.org\/wp-json\/wp\/v2\/posts\/2206435\/revisions\/2206438"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/koreapro.org\/wp-json\/wp\/v2\/media\/2206437"}],"wp:attachment":[{"href":"https:\/\/koreapro.org\/wp-json\/wp\/v2\/media?parent=2206435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/koreapro.org\/wp-json\/wp\/v2\/categories?post=2206435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/koreapro.org\/wp-json\/wp\/v2\/tags?post=2206435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}