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Statistics Agency Says S. Korea’s Population Likely to Peak in 2028

Statistics Agency Says S. Korea’s Population Likely to Peak in 2028

SEJONG, Mar. 28 (Korea Bizwire) — South Korea’s statistics agency forecast Thursday that the country’s population is likely to peak at 51.94 million in 2028 before declining to 39.29 million in 2067. Statistics Korea’s latest medium variant projection is bleaker than its previous assessment, made in 2016, when South Korea’s population was projected to fall [...]

S. Korea’s Population Growth Rate Drops Below 0.1 pct, Median Age Tops 42

S. Korea’s Population Growth Rate Drops Below 0.1 pct, Median Age Tops 42

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 [...]

Number of Farmers, Fishermen Continues to Fall in S. Korea

Number of Farmers, Fishermen Continues to Fall in S. Korea

SEJONG, Apr. 20 (Korea Bizwire) — The number of South Koreans in the agrofisheries sector is continuing to decrease amid a rapid aging and urbanization trend in the country, government data showed Friday. Households engaging in the farming business totaled 1.04 million last year, down 2.5 percent from 1.07 million tallied a year ago, according [...]

Census: South Korea’s Seniors Overtake Youth in Population Figures

Census: South Korea’s Seniors Overtake Youth in Population Figures

SEOUL, March 22 (Korea Bizwire) — South Korea’s seniors outnumbered the youth population last year for the first time in the country’s history, government data has revealed. There are now more elderly people than young people in South Korea, where the working age population has begun to decline, according to new census data from Statistics Korea [...]

S. Korea’s Population to Decline After 2032: Data

S. Korea’s Population to Decline After 2032: Data

SEOUL, Mar. 22 (Korea Bizwire) — South Korea’s population is expected to decline after 2032 due to low birthrates, government data showed Thursday, a development that could hurt the country’s growth potential. The population of Asia’s fourth largest economy stood at 51.45 million in 2017 and is projected to reach peak at 52.95 million in [...]

South Korean Military Acceptance Rate Falls with Population Shift

South Korean Military Acceptance Rate Falls with Population Shift

SEOUL, April 24 (Korea Bizwire) – The competition to join the South Korean military, which recently heightened amid a nation-wide economic downturn and rising youth unemployment, is subsiding with the number of South Korean youth gradually declining.  According to the Ministry of National Defense, there were 566,656 young applicants to South Korea’s mandatory military service [...]