SEOUL, March 7 (Korea Bizwire) – Korea faces a slowdown in job growth due to changes in its demographic structure, which will reduce the country’s potential growth rate in the coming years. According to Park Yang-soo, head of the Bank of Korea’s Economic Research Institute, the average annual increase in the number of employed people [...]
SEOUL, Nov. 24 (Korea Bizwire) — The number of babies born in South Korea fell to a record low in September, data showed Wednesday, underscoring the country’s bleak demographic situation with the chronically low birth rate. A total of 21,920 babies were born in September, down 6.7 percent from the previous year, according to the [...]
SEOUL, Sept. 29 (Korea Bizwire) — The number of babies born in South Korea dropped to a record low in July, data showed Wednesday, in the latest sign that underscores the country’s gloomy demographic situation with the chronically low birth rate. A total of 22,352 babies were born in July, down 2.8 percent from the [...]
SEOUL, Feb. 24 (Korea Bizwire) — South Korea reported the first natural decline in population last year as the number of deaths outpaced that of newborns amid the country’s rapid aging and chronic low birth rate, data showed Wednesday. The number of newborns came to a record low of 272,400 last year, down 10 percent, [...]
SEOUL, Jan. 8 (Korea Bizwire) — A declining population is leading local authorities to come up with new policies as the plunging birth rate threatens to undermine the competitiveness of a number of cities, and could even lead to their dissolution. The southeastern city of Changwon is stepping up to offer special loans to stimulate the [...]
SEOUL, Dec. 23 (Korea Bizwire) — The number of babies born in South Korea declined by the fastest on-year pace in 19 years in October, data showed Wednesday, underscoring the country’s chronic low birth rate. The data compiled by Statistics Korea showed that 21,934 babies were born in October, down 14.4 percent from a year [...]
SEOUL, July 1 (Korea Bizwire) — Amid growing concerns about low fertility rate and population aging, South Korea has the world’s lowest birth rate, according to a report released by the Korea Population, Health & Welfare Association and the United Nations Fund for Population Activities (UNFPA) on Tuesday. The ratio of South Koreans under the [...]
SEOUL, March 31 (Korea Bizwire) — The birthrate in South Korea, plunging at an unprecedented speed, is largely influenced by the popularity of remaining single and a growing number of married couples choosing not to have children. Last year, the country’s total fertility rate, the average number of births for each female, was 0.92, the [...]
SEOUL, Jan. 23 (Korea Bizwire) — According to a report released by Statistics Korea on Tuesday, government support for public education reached 53 trillion won (US$47.2 billion) in 2015, up 2.8 percent from the previous year. The support for public education was targeted to young children aged 6 to 17. However, the support for public [...]
SEOUL, Dec. 6 (Korea Bizwire) — The birth rate for South Koreans married to foreigners is dropping. Statistics Korea announced on Wednesday that the number of newborn babies from multicultural families last year amounted to 18,440, which was 5.1 percent fewer than the previous year. After reaching a record high of 22,908 births in 2012, [...]