SEOUL, Apr. 19 (Korea Bizwire) – Faced with a stark decline in birth rates and an aging population exacerbated by an exodus to cities like Seoul, rural towns across South Korea are scrambling to reverse the trend of dwindling populations with a raft of creative policies aimed at luring new residents. The strategies broadly fall into [...]
SEOUL, Mar. 27 (Korea Bizwire) — The number of South Koreans who moved to different residences in the country rose for the fifth consecutive month in February amid rising home transactions, data showed Wednesday. Around 655,000 people changed residences last month, up 5.2 percent from a year earlier, according to the data compiled by Statistics [...]
JEONJU, Mar. 19 (Korea Bizwire) – Faced with a continuing population decline, the government of North Jeolla Province announced on March 18 that it would introduce a region-specific visa program aimed at attracting skilled foreign workers and ethnic Koreans living abroad. The new visa policy seeks to ease requirements for certain qualified foreigners and overseas Koreans, [...]
JEJU, Feb. 1 (Korea Bizwire) – For the first time in 14 years, Jeju Island, once a popular destination for new settlers, has experienced a higher number of people moving out than moving in. According to Statistics Korea, last year saw 81,508 people move to Jeju, while 83,195 left, resulting in a net outflow of 1,687 [...]
SEOUL, Jan. 12 (Korea Bizwire) – Out of 89 regions in South Korea designated as declining in population, nine have successfully reversed this trend, largely due to a common factor: improvements in the residential environment. According to the ’2023 Year-End Resident Registration Population Statistics’ released by the Ministry of the Interior and Safety on January 10, [...]
BUSAN, Jan. 11 (Korea Bizwire) – In Busan, South Korea, individuals over the age of 50 are approaching half of the city’s total population. According to statistics released by Busan Metropolitan City on January 10, as of 2022, this age group comprised 1.53 million people, or 46.5% of the city’s population. The breakdown of this demographic [...]
SEJONG, Dec. 15 (Korea Bizwire) – Statistics Korea released a forecast on Thursday depicting a rather grim outlook for South Korea in 50 years. The anticipated population is set to dwindle to 36 million, with half of the populace aged 63 or older. Consequently, there is a growing concern about the growing burden of supporting the [...]
GOKSEONG, Oct. 2 (Korea Bizwire) – As the concept of “workcation” gains popularity among MZers (Millennials and Generation Z) seeking a better work-life balance, major tourist destinations like Jeju are actively vying to establish themselves as premier “workcation spots.” Jeju, known for its robust tourism industry, has emerged as a prominent workcation destination. The Jeju Provincial [...]
SEOUL, Sept. 28 (Korea Bizwire) – The number of babies born in South Korea in July hit a record low, dropping below 20,000 for the first time ever. This data comes from the July population trends report released by Statistics Korea on September 27. In July, there were 19,102 live births, marking a 6.7 percent decrease [...]
SEOUL, Aug. 30 (Korea Bizwire) — South Korea extended a natural decrease in population in June as the fertility rate hit yet another record low, data showed Wednesday, reflecting the grim demographic trend. Only 18,615 babies were born in June, down 1.6 percent from a year earlier, according to the monthly report from Statistics Korea. [...]