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In Aging S. Korea, Food is the Most Promising Silver Industry

In Aging S. Korea, Food is the Most Promising Silver Industry

SEOUL, Jan. 6 (Korea Bizwire) — As South Korea enters an aged society, the so-called ‘silver’ industry – denoting products and services targeted to seniors – is expected to grow rapidly. Among them, the food industry is expected to be the most promising. In a report released Sunday, the Korea Institute for Industrial Economics and [...]

4 out of 10 S. Koreans to be Aged 65 or Older by 2047: Statistics Agency

4 out of 10 S. Koreans to be Aged 65 or Older by 2047: Statistics Agency

SEJONG, Jun. 27 (Korea Bizwire) – The number of South Koreans aged 65 years or older could surpass 10 million in 2025 and jump to 18.79 million, or 38.4 percent of the country’s population, in 2047, a statistics agency said Thursday. Statistics Korea’s latest projection represented a dramatic hike from the 7.07 million people aged [...]

Average Daily No. of Births in Seoul Falls Below 200 for 1st Time

Average Daily No. of Births in Seoul Falls Below 200 for 1st Time

SEOUL, Dec. 12 (Korea Bizwire) — The number of infants born in Seoul came to an average of 179 per day last year, dipping below the threshold of 200 for the first time as more people are delaying or shunning marriage, data released Wednesday by the Seoul metropolitan government showed. According to the Seoul Statistics [...]

S. Korea’s Population to Decline After 2032: Data

S. Korea’s Population to Decline After 2032: Data

SEOUL, Mar. 22 (Korea Bizwire) — South Korea’s population is expected to decline after 2032 due to low birthrates, government data showed Thursday, a development that could hurt the country’s growth potential. The population of Asia’s fourth largest economy stood at 51.45 million in 2017 and is projected to reach peak at 52.95 million in [...]