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 [...]
SEOUL, Aug. 24 (Korea Bizwire) – Couples in which the woman is older than the man are no longer rare. It has become a very common phenomenon. According to a report titled ‘Lives of Women in Seoul Seen through Statistics’ issued by the Seoul Metropolitan Government, among those in their first marriages, the portion of [...]
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, Korea, April 4 (Korea Bizwire) – A study suggested that Korea may learn from the experience of European countries in raising birthrate. Hyundai Economic Research Institute said on April 3 in a report “How to Get out of Low-birth Trap: Learn from Europe” that the most important policy measure is to allow women to [...]