Like a son but cheaper: harried South Koreans pamper pets instead of having kids

“Social pressures in South Korea are such that parents are required to provide resources for decades from private schooling to tutoring to art classes,” said Kang, a 39-year old manager of a pet funeral home. Leading venture capital fund, Korea Investment Partners, invested in two pet startups in 2018 – Bacon, which makes toys themed for holidays such as Christmas or Halloween, and Pet Friends, which promises to deliver pet products within one hour. Pet funeral services are also increasingly popular and the home where Sancho’s owner Kang works, now holds more than 10 services a day, compared with 3-5 when it opened two years ago.

Source: www.reuters.com