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Value of unpaid household work in S. Korea amounts to 25% of GDP Updated: 2021-06-21 16:43:04 KST

New data show that the monetary value of house chores including cleaning, taking care of children and cooking, amounts to a quarter of South Korea's GDP.
According to Statistics Korea, value of unpaid housework in 2019 was more than 431 billion U.S. dollars an increase from five years earlier of about 35 percent.
The value of household chores is calculated in terms of time spent on chores, the type of chores and the opportunity cost.
For men, the value of housework done went up by almost 50 percent.
The statistics agency said this is because of the rising number of single-person households and dual-income couples.
But as of 2019, housework done by women was worth about 12-thousand dollars a year, which was more than 2-and-a-half times that done by men.
On average, women spent 205 minutes a day doing housework.
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