Happiness Index of Restaurant Owners Scores 55 out of 100... Decreases with Age

Korea Foodservice Industry Research Institute 'Foodservice Business Owners' Happiness Index Report'

The scene of the restaurant street in Myeongdong, Jung-gu, Seoul on July 7 last year. Photo by Hyunmin Kim kimhyun81@

[Asia Economy Reporter Moon Hyewon] The first survey results show that the happiness index of restaurant owners is at a level of 55.4 out of 100 points. By age group, those in their 20s had the highest happiness index, which decreased as the age group increased, and by region, Jeju had the highest score while Daejeon had the lowest.

According to the "Restaurant Owner Happiness Index Report" by the Korea Foodservice Industry Research Institute on the 10th, the happiness index was derived from a survey of 3,312 restaurant owners nationwide conducted from September to October last year, resulting in a score of 55.4 out of 100 points.

This score quantifies the happiness level of restaurant owners by calculating weighted scores in various areas developed by the Foodservice Industry Research Institute.

Looking at the survey areas, stability within the home scored the highest at 67.3 points, followed by relational satisfaction (60.8 points), physical stability (60.6 points), psychological happiness (58.2 points), occupational happiness (54.3 points), environmental happiness (49.3 points), economic stability (48.1 points), and institutional happiness (40.7 points).

Among these, occupational happiness, environmental happiness, and institutional happiness represent the happiness level as a restaurant owner, while the other items reflect personal happiness levels.

Institutional happiness, which had the lowest happiness index, scored 41.4 points for social safety nets and 40.0 points for policy support in detailed items.

By age group, those in their 20s scored the highest at 56.4 points, followed by those in their 30s (56.1 points), 40s (55.8 points), 50s (55.4 points), and 60s and above (54.4 points). The happiness index of restaurant owners decreased as the age group increased.

By region, Jeju scored the highest at 59.8 points, followed by Gyeongnam (58.8 points), Jeonnam (58.4 points), Chungnam (56.5 points), Gangwon (56.0 points), Busan (55.9 points), Gyeongbuk (55.8 points), Gyeonggi (55.2 points), Incheon (55.1 points), Gwangju (54.7 points), Seoul (54.4 points), Jeonbuk (54.2 points), Ulsan (54.1 points), Chungbuk (53.8 points), and Daegu (52.1 points). Daejeon (48.5 points) was the only region to score below 50 points.

By gender, males scored slightly higher at 55.8 points compared to females at 55.0 points.

Kim Sahyun, a researcher at the Foodservice Industry Research Institute, said, "When summarizing the research results, it is judged that many restaurant owners feel low happiness regarding economic stability, occupational happiness, environmental happiness, and institutional happiness. In particular, some age groups and regions experience happiness inequality. In this first survey, both social safety nets and policy support in the institutional happiness section of restaurant owners scored low, so the government and related ministries need to continuously pay attention and effort to restaurant owners. Policy considerations are also necessary to ensure that elderly restaurant owners can enjoy institutional happiness."

This content was produced with the assistance of AI translation services.