SEOUL, Dec. 28 (Korea Bizwire) — South Korea on Wednesday announced a set of measures to cope with the country’s extremely low birthrate and rapid population aging, which could undercut its growth potential and have a wide-ranging effect on its society down the road. The government, among other things, will try to create a stable [...]
SEOUL, Dec. 31 (Korea Bizwire) — The spread of the coronavirus would accelerate the trend of low fertility and population aging in South Korea, the central bank report said Wednesday. In a recent study conducted by the Bank of Korea (BOK), the pandemic would have a limited direct impact on the local population primarily due [...]
SEOUL, Sept. 28 (Korea Bizwire) — South Korea’s population is rapidly aging as people aged 65 or older account for nearly 16 percent of its population, government data showed Monday. South Koreans in the age group stood at 8.13 million this year, or 15.7 percent of the country’s population, according to the data from Statistics [...]
SEOUL, Sept. 6 (Korea Bizwire) — South Korea’s household savings rate is expected to drop down the road due to population aging as elderly people find little room to save due to falling income, a report said Thursday. South Korea became an aged society in 2017, with more than 14 percent of its 50 million [...]
SEOUL, May 8 (Korea Bizwire) – May 5 was South Korea’s first Children’s Day celebrated by a greater number of seniors than children, once again highlighting the country’s rapidly shifting demographics towards an aging society. Using the OECD’s standard of working age population (from 15 to 64) to separate “children” from “elderly,” there were 6,873,722 [...]
SEOUL, Feb. 19 (Korea Bizwire) - Kim Man-bok takes pride in being able to walk up subway stairs and talk over his cellphone without a hearing aid at the age of 76. After getting bored of spending time in parks and mountains, the retired trade company official went out of his comfort zone to do something [...]