SEOUL, April 15 (Korea Bizwire) — One third of South Koreans will be over 65 years of age by 2040, indicating that senior population will triple in proportion to the productive age population between 15 and 64 years of age, a report showed Thursday. The country’s overall population will shrink from 51.84 million in 2020 [...]
SEOUL, April 14 (Korea Bizwire) — South Korea’s total population has started to decline amid low childbirths, but the number of foreigners here is forecast to continue to increase to make up of 4.3 percent of the population in 2040, a report showed Thursday. After peaking at 51.84 million in 2020, the country’s total population [...]
SEOUL, Feb. 3 (Korea Bizwire) — South Korea is predicted to see its working age population shrink by a whopping 3.2 million during the 2020-2030 period amid the country’s graying demographics, a government labor report showed Thursday. The estimate of people aged 15-64 would represent a turnaround from a growth of 1.17 million between 2010 [...]
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. 6 (Korea Bizwire) — Half of all universities in South Korea may disappear within the next 25 years, a report said Sunday. The Seoul National University and the Korea Institute for Health and Social Affairs reported that there will be around 190 universities remaining in the period from 2042 to 2046. In regions [...]
SEOUL, Sept. 29 (Korea Bizwire) — People aged 65 and older made up 16.5 percent of South Korea’s population this year, a report showed Wednesday, highlighting concerns that the fast-aging demographic transition could pose a drag on the country’s economy. According to the report by Statistics Korea, the number of people aged 65 and older [...]
SEOUL, Sept. 28 (Korea Bizwire) — The number of South Koreans in the agrofisheries sector is continuing to fall because of a rapid aging and urbanization trend in the country, government data showed Tuesday. Households engaging in the farming business totaled 1.03 million last year, down 4.9 percent from 1.08 million tallied in 2015, according [...]
SEOUL, Sept. 5 (Korea Bizwire) — South Korea’s female population is forecast to surpass that of males in nine years, a government report showed Sunday. The total number of women reached 25.86 million last year, accounting for 49.9 percent of the country’s entire population of 51.82 million, according to the report compiled by the Ministry [...]
SEOUL, Aug. 4 (Korea Bizwire) — The “MZ generation,” a Korean term referring to millennials and Generation Z, accounted for 35.5 percent of Seoul’s population last year, the city government said Wednesday. The cohort of people born between 1980 and 1994 (millennials) and between 1995 and 2004 (Generation Z) numbered 3.43 million, the largest of [...]
SEOUL, Aug. 2 (Korea Bizwire) — Politicians are coming up with various welfare promises as they prepare for next year’s presidential election, but the working-age population or the number of future taxpayers, whose taxes are vital in supporting these welfare policies, is plunging. Statistics Korea’s 2020 Population and Housing Census showed that the working-age population [...]