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S. Korea’s Population Likely to Start Shrinking in 2032

S. Korea’s Population Likely to Start Shrinking in 2032

SEJONG, Dec. 8 (Korea Bizwire) – South Korea’s population is expected to start contracting in 2032 amid widespread concerns that the country’s chronic low birthrate and aging citizens will undermine growth potential, a government report showed Wednesday.  According to the report by Statistics Korea, Asia’s fourth-largest economy will likely see its population peak at 52.96 [...]

Portion of Youth Population, Lowest Level Ever

Portion of Youth Population, Lowest Level Ever

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 [...]