Nearly three in ten South Korean households raise pets, mostly dogs

A survey by South Korea's Ministry of Agriculture, Food and Rural Affairs shows that 29.2 percent of households raised pets in 2025, with 80.5 percent owning dogs. Pet owners spent an average of 121,000 won monthly, marking the country's first nationally approved statistical survey on pet ownership. An animal welfare poll revealed a significant perception gap on compliance with pet rules.

Government data released on February 17, 2026, indicates that nearly three out of ten households in South Korea raise pets, predominantly dogs. A survey conducted by the Ministry of Agriculture, Food and Rural Affairs revealed that 29.2 percent of households were raising pets in 2025. Among these, 80.5 percent owned dogs, 14.4 percent cats, and 4.1 percent fish.

Pet owners reported spending an average of 121,000 won ($84) per month on their animals. This survey represents South Korea's first nationally approved statistical study on pet ownership.

In a separate animal welfare survey by the same ministry, fewer than half of respondents believed pet owners properly followed requirements such as using leashes and identification tags. There was a notable perception gap: 86.9 percent of pet owners claimed compliance, compared to just 39.9 percent of non-owners.

Regarding penalties for animal abuse, 93.2 percent of respondents supported stronger punishments, including bans on animal ownership. These findings highlight the growing pet culture in South Korea and underscore varying views on animal welfare standards.

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Illustration of South Korean market with rising prices and CPI graph amid oil-driven inflation.
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South Korea's consumer prices rise 2.2% in March amid surging oil prices

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South Korea's consumer prices rose 2.2 percent in March from a year earlier, government data showed Thursday. The increase, exceeding the government's 2 percent inflation target, was mainly driven by a surge in global oil prices due to prolonged Middle East tensions. It marks the steepest rise since December's 2.3 percent, according to the Ministry of Data and Statistics.

More than half of economic experts expect South Korea's economic growth to remain in the 1 percent range this year, according to a local survey. The poll, conducted by Southernpost Inc. for the Korea Enterprises Federation (KEF), showed 54 percent of 100 economics professors holding this view. The average forecast stands at 1.8 percent, below the government's 2 percent outlook and the IMF's 1.9 percent projection.

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South Korea's consumer prices rose 2 percent year-on-year in January, marking the slowest pace in five months. The slowdown was partly due to stable petroleum product prices, as international crude oil prices fell, according to government data. However, prices for some agricultural and livestock products continued to surge sharply.

South Korean asset management firms' combined net profit for 2025 surged 67 percent to 3.01 trillion won. Preliminary data from the Financial Supervisory Service attributes the rise mainly to increased commission income. Assets under management also grew significantly.

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Household loans from South Korean banks fell for a second straight month in January amid tightened lending rules to stabilize the housing market. The outstanding balance stood at 1,172.7 trillion won at the end of January, down 1 trillion won from December. This decline reflects government responses to surging home prices in Seoul and the greater metropolitan area.

South Korea's producer price index (PPI) rose 0.6 percent from a month earlier to 122.56 in February, marking the sixth consecutive monthly increase due to higher agricultural costs and global oil prices, Bank of Korea data showed. A key gauge of future consumer inflation, the index was up 2.4 percent year-on-year, the fastest growth since July 2024.

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The Korean government plans to invest a combined 750 billion won ($502.8 million) over the next two years to commercialize artificial intelligence (AI)-enabled products, the finance ministry said on March 18. The plan was finalized at a meeting of economy-related ministers chaired by Finance Minister Koo Yun-cheol, as part of a blueprint for a 'super-innovation economy'.

 

 

 

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