SEOUL, Jun. 9 (Korea Bizwire) — The head of South Korea’s presidential policy advisory panel said Thursday that he will put the highest priority on tackling the country’s chronic low birthrate in order to bolster growth potential. “Solving the sluggish birthrate is the pressing task that will decide the future of South Korea,” Kim Jin-pyo, [...]
SEJONG, Feb. 23 (Korea Bizwire) – The number of newlyweds in South Korea shrank nearly 15 percent in December 2016 amid a widespread late marriage trend, government data showed Thursday. Some 28,400 couples tied the knot in December last year, down 14.7 percent from 33,300 cases tallied in the same month in 2015, according to [...]
SEJONG, Feb. 22 (Korea Bizwire) – Childbirths in South Korea dropped to a record low last year despite decade-long efforts to tackle the country’s chronically low birthrate, a report showed Wednesday. The number of babies born in 2016 reached 406,300, down 7.3 percent, or 32,100, from a year earlier, according to the report by Statistics [...]
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 [...]
SEJONG, Nov. 15 (Korea Bizwire) – Only slightly more than a half of South Korean people think that marriage is necessary in their lives as the country is facing a trend of late marriages and low birth rates, a poll showed Tuesday. The survey on 38,600 people over 13 years old conducted by Statistics Korea, [...]
SEOUL, Nov. 9 (Korea Bizwire) – The number of women of childbearing age has declined by nearly 820,000 over the past 10 years, a phenomenon expected to continue as the low birthrate, which has been falling for decades, takes its toll, a parliamentary report said Wednesday. The population of women aged 15-49, the group that [...]
SEJONG, June 23 (Korea Bizwire) – The number of childbirths in South Korea fell at the fastest clip in more than two years in April on a low birthrate and late marriage trend, government data showed Thursday. About 35,300 babies were born in April, down 7.3 percent, or 2,800, from 38,100 a year earlier, extending [...]
SEOUL, June 2 (Korea Bizwire) – The latest overseas investment bank (IB) analysis noted that Korea’s surging debt – household and corporate – is degrading its potential for economic growth. And with its aging society and poor foreign conditions, the gap between Korean and global economic growth rates will likely expand. One of the IBs, [...]
SEOUL, April 14 (Korea Bizwire) – Research indicates that as housing prices rise, people tend to have children at an older age or not have any children at all. The results of a recent study suggests that policies tied to housing prices could effect the birthrate. A recent report issued by the Korea Institute for [...]
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 [...]