SEOUL, Jul. 26 (Korea Bizwire) – In the quiet countryside of South Korea, a surprising trend is emerging. Towns like Gurye in South Jeolla Province, Yangyang in Gangwon Province, and Hadong in South Gyeongsang Province are experiencing a tourism renaissance, despite their dwindling official populations. These rural communities, each with fewer registered residents than a single [...]
SEOUL, Jul. 15 (Korea Bizwire) – In the first half of this year, South Korea witnessed an unprecedented increase in workers over 70, highlighting the country’s rapidly aging workforce and sparking debates about extending employment for older citizens. According to data released by Statistics Korea on July 14, the number of employed individuals aged 70 and [...]
SEOUL, Jul. 1 (Korea Bizwire) — South Korea will launch a new ministry of population strategy to address low birth rates and a rapidly aging population, which have emerged as some of the starkest challenges facing the country, officials said Monday. The government unveiled the plan following high-level meetings with the ruling party, saying that [...]
SEJONG, Jun. 28 (Korea Bizwire) – A recent analysis by Statistics Korea’s Statistics Research Institute reveals that approximately four out of five young adults in South Korea are unmarried, with the rate of singlehood among those in their early to mid-30s tripling over the past two decades. The report, titled “How Has the Face of South [...]
SEOUL, Jun. 26 (Korea Bizwire) – A new study predicts that South Korea’s declining birth rate and shrinking population could lead to a significant labor shortage in key sectors by 2042, with over 600,000 fewer workers in restaurants and retail compared to 2022 levels. The forecast was presented by professor Lee Chulhee of Seoul National University [...]
BUSAN, Jun. 24 (Korea Bizwire) – As local governments across South Korea grapple with a looming demographic crisis, one district in the city of Busan is taking an unprecedented approach: offering substantial financial incentives for couples who meet through government-sponsored matchmaking events and decide to marry. Saha District in Busan announced on June 22 that it [...]
SEOUL, Jun. 19 (Korea Bizwire) – Seoul, long hailed as a global metropolis, is rapidly shrinking, battered by low birth rates and an aging populace. Over the past two decades, the city has lost over 600,000 residents, with one in five people leaving the districts of Nowon, Dobong, and Gangbuk. As projections indicate that Seoul’s population [...]
SEOUL, May 29 (Korea Bizwire) -- The number of South Koreans who moved to different residences in the country increased in April from a year earlier amid signs of a recovery in the local property market, data showed Wednesday. Around 533,000 people changed residences last month, up 17.1 percent from a year earlier, according to [...]
SEOUL, May 28 (Korea Bizwire) – The population is anticipated to drop in nearly all regions by 2052, except for Gyeonggi Province and the central city of Sejong, due to the chronically low birth rates, a report showed Tuesday. According to the report released by Statistics Korea, the population in 15 out of 17 provinces [...]
SEOUL, May 7 (Korea Bizwire) – A new report has projected that South Korea’s total population, which stood at just over 51 million last year, could plummet to around 39 million by 2065 due to persistently low birth rates in the country. The 2024 Population Report, published on May 6 by the Korean Peninsula Population Institute [...]