SEOUL, Jun. 25 (Korea Bizwire) – The children’s clothing market in South Korea is experiencing steady growth despite a declining birth rate and shrinking child population, according to recent industry analysis. Data from market research firm Euromonitor reveals that the domestic children’s clothing market was worth 2.45 trillion won in 2023, a 33% increase from 1.84 [...]
BUSAN, Jun. 24 (Korea Bizwire) – As local governments across South Korea grapple with a looming demographic crisis, one district in the city of Busan is taking an unprecedented approach: offering substantial financial incentives for couples who meet through government-sponsored matchmaking events and decide to marry. Saha District in Busan announced on June 22 that it [...]
SEOUL, Jun. 3 (Korea Bizwire) – The number of medical facilities capable of handling births in South Korea has plummeted by over 30% in the past decade, according to recent government data, raising concerns over access to maternal care across the nation. More than 70 regions either lack obstetrician-gynecologist (OB-GYN) clinics entirely or have facilities unable [...]
SEJONG, May 28 (Korea Bizwire) – A procession of studies has highlighted the inverse relationship between women’s economic participation and birthrates in South Korea, where childcare responsibilities still largely fall on mothers. The International Monetary Fund recently urged South Korea and Japan to establish a positive cycle in which greater female workforce participation contributes to economic [...]
SEOUL, May 13 (Korea Bizwire) – More than one in three young dual-income married couples in South Korea are “double income, no kids” households, known as DINKs, according to a recent study by the Korea Labor Institute. The institute’s report on “Changes in Characteristics of Childless Couples Over the Past Decade,” analyzing data from the Korean [...]
SEOUL, May 9 (Korea Bizwire) — President Yoon Suk Yeol said Thursday he will create a new ministry to tackle the country’s low birth rate. Yoon made the remark during an address to the nation marking the second anniversary of his presidency. “In order to overcome the low birth rate, which can be considered a [...]
SEOUL, May 7 (Korea Bizwire) – A new report has projected that South Korea’s total population, which stood at just over 51 million last year, could plummet to around 39 million by 2065 due to persistently low birth rates in the country. The 2024 Population Report, published on May 6 by the Korean Peninsula Population Institute [...]
BORYEONG, Apr. 30 (Korea Bizwire) – In an effort to increase the city’s birthrate, officials in Boryeong, a coastal municipality in South Chungcheong Province, announced on April 29 that they would subsidize frozen egg fertility treatments for couples trying to conceive. The program will cover the costs of thawing frozen eggs and in vitro fertilization using [...]
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. 18 (Korea Bizwire) – An ironic factor contributing to around 40% of South Korea’s declining birthrate has been identified as younger women experiencing less employment discrimination than in the past, according to a new report. While gender-based disadvantages in hiring have decreased for young women, the probability of career interruption after childbirth has remained [...]