SEOUL, Apr. 19 (Korea Bizwire) – Faced with a stark decline in birth rates and an aging population exacerbated by an exodus to cities like Seoul, rural towns across South Korea are scrambling to reverse the trend of dwindling populations with a raft of creative policies aimed at luring new residents. The strategies broadly fall into [...]
SEOUL, Apr. 10 (Korea Bizwire) – The number of single-person households in South Korea has surpassed 10 million, driven by rapid aging and a growing trend toward remaining single, prompting the government to explore policies catering to this demographic shift. According to population statistics from the Ministry of Interior and Safety released on April 9, there [...]
SOKCHO, Mar. 1 (Korea Bizwire) – The Sangdomun Village Cherry Blossom Festival in Sokcho, Gangwon Province, will no longer herald the arrival of spring with its breathtaking floral displays. This decision draws a curtain on a beloved 15-year tradition that began in 2009, primarily due to the aging population of local organizers, most of whom are [...]
SEOUL, Feb. 29 (Korea Bizwire) – A recent study has shed light on a concerning trend: individuals with disabilities experience signs of aging significantly earlier than their non-disabled counterparts, often by more than a decade. The research points out that people in their 20s with disabilities exhibit rates of hypertension, sarcopenia, and other age-related conditions similar [...]
SEOUL, Feb. 29 (Korea Bizwire) – LG Health & Household has unveiled findings from a comprehensive study indicating that lips become thinner and lose their red hue as individuals age. The results of the study were published in the January issue of the international journal Skin Research and Technology. The study was conducted by the R&I [...]
SEOUL, Jan. 15 (Korea Bizwire) — As South Korea grapples with an aging population, pharmaceutical companies are increasingly looking at ‘medifood’ as a potential new growth area. Medifood, also known as ‘food for special medical purposes,’ includes beverages and meals specially designed for the elderly or others who require particular nutritional care due to health reasons. On [...]
BUSAN, Jan. 11 (Korea Bizwire) – In Busan, South Korea, individuals over the age of 50 are approaching half of the city’s total population. According to statistics released by Busan Metropolitan City on January 10, as of 2022, this age group comprised 1.53 million people, or 46.5% of the city’s population. The breakdown of this demographic [...]
SEOUL, Jan. 10 (Korea Bizwire) – South Korea’s elderly population aged 70 and older outnumbered those in their 20s for the first time last year, government statistics showed Wednesday, as the society is rapidly aging amid record low birth rates. According to the resident registration data compiled by the interior ministry, the number of people [...]
SEOUL, Dec. 27 (Korea Bizwire) – The current state of the labor market in South Korea is more challenging than prior to the pandemic, with the workforce aging rapidly and showing reduced enthusiasm for strenuous manufacturing roles, as per a recent survey. To address this, recommendations include recruiting more international students and middle-skilled foreign workers possessing [...]
SEJONG, Dec. 15 (Korea Bizwire) – Statistics Korea released a forecast on Thursday depicting a rather grim outlook for South Korea in 50 years. The anticipated population is set to dwindle to 36 million, with half of the populace aged 63 or older. Consequently, there is a growing concern about the growing burden of supporting the [...]