SEOUL, Jan. 14 (Korea Bizwire) — South Korea’s population growth rate fell below 0.1 percent for the first time last year, with its median age topping 42, government statistics showed Monday. The nation’s resident population was 51,826,059 as of the end of 2018, marking an increase of 0.09 percent, or 47,515 people, from the previous [...]
SEJONG, June 8 (Korea Bizwire) – The South Korean economy has been on a modest recovery path thanks to brisk exports and investment despite a slight downturn in industrial output, a state-run think tank said Thursday. “The Korean economy maintained a moderate improvement led by exports and investment demand, although industrial output growth moderated slightly,” [...]
SEOUL, Nov. 20 (Korea Bizwire) – The aging population and subsequent cut in the labor force could bring down South Korea’s growth rate to the 1-percent level in 20 years, an expert said Friday. According to government data, Koreans aged 65 or older accounted for 12.2 percent of the total population of some 50 million [...]