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 [...]
SEOUL, July 29 (Korea Bizwire) — South Korea’s total population grew at the slowest-ever pace last year as the inflow of foreigners declined for the first time in 30 years amid the pandemic, a national census showed Thursday. A total of 51.83 million people lived in South Korea as of Nov. 1, 2020, up 0.1 [...]
SEOUL, July 6 (Korea Bizwire) — South Korea’s population continued to decrease during the second quarter as deaths outnumbered births, government data showed Tuesday. As of the end of June, the nation’s registered population stood at 51,672,400, down 0.06 percent from 51,705,905 tallied at the end of March, according to census figures from the Ministry [...]
SEOUL, July 4 (Korea Bizwire) — Seoul has suffered its largest population decline in five years, with the soaring housing prices likely driving people out of the capital city, data showed Sunday. According to figures compiled by the Ministry of Interior and Safety and provided to People Power Party Rep. Tae Young-ho, Seoul had a [...]
SEOUL, March 3 (Korea Bizwire) — South Korea’s shrinking population is resulting in a lack of enrollment at local universities. For the first time in school history, Chonnam National University was only able to enroll 4,067 new students, leaving 140 slots unfilled. Chosun University filled only 4,222 of 4,350 slots for new students, with 128 [...]
SEOUL, Feb. 24 (Korea Bizwire) — South Korea reported the first natural decline in population last year as the number of deaths outpaced that of newborns amid the country’s rapid aging and chronic low birth rate, data showed Wednesday. The number of newborns came to a record low of 272,400 last year, down 10 percent, [...]