SEOUL, Dec. 25 (Korea Bizwire) – Amid a severe decline in birth rates, the increasing popularity of pet ownership in South Korea is leading to noticeable changes in consumer spending patterns. According to G-Market, a major online retailer, pet stroller sales have, for the first time, surpassed baby stroller sales in the first three quarters [...]
SEOUL, Dec. 11 (Korea Bizwire) – The number of newly married couples fell more than 6 percent to come to around 1 million in 2022, and the proportion of the couples having no children reached an all-time high, data showed Monday. The number of newly married couples came to 1.03 million last year, down from [...]
SEOUL, July 27 (Korea Bizwire) — Hyundai Motor Co. said Wednesday it will create a dedicated task force aimed at addressing low birth rate and child-rearing concerns. The dedicated team will develop a comprehensive support plan that covers the entire life cycle of employees, encompassing marriage, pregnancy, childbirth, child-rearing, and schooling. Notably, Hyundai is the first among [...]
SEOUL, March 6 (Korea Bizwire) — South Korea’s demographic crisis is raising concerns about the survival of small cities, as more than half of the country’s municipal governments recorded less than 1,000 births last year. The declining demand for childcare facilities, including maternity hospitals, daycare centers, elementary schools, and academies, is expected to exacerbate the [...]
SEOUL, Jan. 26 (Korea Bizwire) – The number of babies born in South Korea fell to a record low in November last year, data showed Wednesday, underpinning the country’s gloomy demographic situation with the chronically low birth rate. A total of 19,800 babies were born in November, down 1.3 percent from the previous year, according [...]
SEOUL, Dec. 29 (Korea Bizwire) — The number of babies born in South Korea sank to a record low in October, data showed Wednesday, highlighting the country’s bleak demographic situation with the chronically low birth rate. A total of 20,736 babies were born in the country in October, down 5.2 percent from a year earlier, [...]
SEOUL, Aug. 25 (Korea Bizwire) — The number of babies born in South Korea dropped to a record low in June, data showed Wednesday, in the latest sign that underscores the country’s gloomy demographic situation with the chronically low birth rate. A total of 21,526 babies were born in June, down 2.7 percent from the [...]
SEOUL, Jan. 27 (Korea Bizwire) — The number of babies born in South Korea hit a new record low in November last year, data showed Wednesday, underscoring the country’s chronic low birth rate. The number of deaths rose to the highest in 37 years, leading to the population declining for the 13th straight month, according [...]
SEOUL, Nov. 19 (Korea Bizwire) — With a historically low birth rate and rapidly aging society, a surge in single-person households has meant that household grocery expenditures have been slashed almost by half in South Korea. According to a recent report from the Hana Institute of Finance affiliated with KEB Hana Bank that analyzed public [...]
SEJONG, June 16 (Korea Bizwire) – South Korea’s capital city of Seoul will face the steepest decrease in population over the next 30 years amid the country’s chronic low birth rate and rapid aging, government data showed Thursday. The number of residents in Seoul is predicted to reach 8.81 million in 2045, down 1.13 million, [...]