June, 1 (Korea Bizwire) –In an extraordinary effort to incentivize childbirth among its workers, the Booyoung Group, a major South Korean construction company, has paid out around 7 billion won to 66 employees who had babies, awarding each new parent the equivalent of 100 million won per child. The eye-popping “birthrate bonuses,” which were granted [...]
SEOUL, June 22 (Korea Bizwire) — The number of babies born in South Korea fell to a record low in April amid the chronically low birthrate, while that of deaths hit an all-time high due to rapid aging and the COVID-19 pandemic, data showed Wednesday. A total of 21,124 babies were born in April, down [...]
SEOUL, June 13 (Korea Bizwire) — A recent poll showed that men and female have different perceptions about the seriousness of the low birthrate in South Korea. Gallup Korea conducted a nationwide survey of 1,002 people between 19 and 29 years of age, among which 66 percent believed the low birthrate was a ‘very serious [...]
SEOUL, May 25 (Korea Bizwire) — South Korea’s first-quarter fertility rate hit a fresh nadir and its population fell for 29 months running in March amid rising deaths, data showed Wednesday, pointing to the country’s gloomy demographic situation and chronically low birthrate. The country’s total fertility rate — the average number of children a woman [...]
SEOUL, April 27 (Korea Bizwire) — The number of babies born in South Korea fell to another record low in February, data showed Wednesday, illustrating the country’s gloomy demographic situation and chronically low birthrate. A total of 20,654 babies were born in February, down 3.2 percent from the previous year, according to the data compiled [...]
SEOUL, Dec. 9 (Korea Bizwire) — South Korea’s total population is expected to record its first decline this year, the statistics agency said Thursday, a grim assessment of its demographic situations amid the country’s chronically low birthrate, rapid aging and a decline in incoming foreigners during the pandemic. The country’s total population is estimated to [...]
SEOUL, Dec. 9 (Korea Bizwire) — Nearly half of recently newlywed couples in South Korea had no children, data showed Thursday, amid the country’s chronic low birthrate and changing social norms. Some 44.5 percent of the country’s 1.18 million couples, who were legally married in the five years up to November 2020, did not have [...]
SEOUL, Oct. 27 (Korea Bizwire) — The number of babies born in South Korea dropped to a record low in August, data showed Wednesday, underscoring the country’s gloomy demographic situation with its chronically low birthrate. A total of 22,291 babies were born in August, down 0.5 percent from a year earlier, according to the data [...]
SEOUL, Dec. 15 (Korea Bizwire) — South Korea on Tuesday announced a set of measures to expand perks for families and subsidies for children to try to boost the low birthrate that has plagued Asia’s fourth-largest economy for more than a decade. The package, drawn up by the Presidential Committee on Aging Society and Population [...]
SEOUL, Sept. 18 (Korea Bizwire) — The number of South Korean households is likely to peak at 22.65 million in 2040 before declining to 22.3 million in 2047, the country’s statistics agency said Wednesday, in the latest sign of a population decline in Asia’s fourth-largest economy. In 2017, the number of households in South Korea [...]