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‘MZ Generation’ Accounts for 35.5 pct of Seoul’s Population

‘MZ Generation’ Accounts for 35.5 pct of Seoul’s Population

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 [...]

Plunging Child, Working-age Populations Raise Concerns over Future Gov’t Finances

Plunging Child, Working-age Populations Raise Concerns over Future Gov’t Finances

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 [...]

S. Korea’s Population Continues to Decline in 2nd Quarter

S. Korea’s Population Continues to Decline in 2nd Quarter

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 [...]