SEJONG, March 23 (Korea Bizwire) – South Korea is on the threshold of becoming an aged society, with the share of senior citizens aged 65 or older in the nation’s population topping 13 percent last year, data showed Wednesday. According to the data by Statistics Korea, 13.1 percent of South Korea’s 50.62 million population were [...]
SEOUL, Nov. 20 (Korea Bizwire) – The aging population and subsequent cut in the labor force could bring down South Korea’s growth rate to the 1-percent level in 20 years, an expert said Friday. According to government data, Koreans aged 65 or older accounted for 12.2 percent of the total population of some 50 million [...]
SEOUL, Oct. 19 (Korea Bizwire) – The third plan to deal with a chronically low birthrate and aging society issued by the government sees delayed marriage as one of the main causes of low rates of childbirth, and concentrates on providing solutions to establish ‘good conditions to get married’. As a first step, the government [...]
SEJONG, July 8 (Korea Bizwire) – The proportion of young people to the total population in South Korea dropped to the lowest level ever in 2015, affected by the country’s chronically low birthrate, government data showed Wednesday. According to the data by Statistics Korea, the number of people under age 14 accounted for 13.9 percent of the total population, down from 14.3 percent the year before and 21.1 percent in 2000. It marks the lowest percentage ever [...]
SEOUL, May 29 (Korea Bizwire) – In Korea, people are considered to be senior citizens at the age of 65. As senior citizens, Koreans can receive several benefits such as free transportation, government allowances, admission discounts and so on. However, as Korean society is aging faster than any other countries, many have argued that the [...]