SEOUL, June 24 (Korea Bizwire) — South Korea launched a task force meant to expand policy efforts to tackle demographic challenges as it is expected to suffer a serious fall in the working-age population in the coming years over its chronic low birthrate, the finance ministry said Friday. During the inaugural meeting of the task [...]
SEOUL, Oct. 18 (Korea Bizwire) — Nearly 90 small cities and counties that are in danger of extinction due to population decrease have been designated as “depopulation areas” for intensive support from the central government, the interior ministry said Monday. The Ministry of the Interior and Safety said that it has designated 89 cities, counties [...]
SEOUL, Nov. 6 (Korea Bizwire) — South Korea on Wednesday unveiled a set of measures aimed at restructuring the education sector, including adjusting the number of teaching posts, in its latest efforts to cope with a drastic population decline. The education policy blueprint, part of a pan-government policy proposal addressing the country’s demographic change, comes [...]
SEOUL, Nov. 6 (Korea Bizwire) — South Korea said Wednesday that it will reduce its number of troops to 500,000 by 2022 in the latest move to tackle looming demographic challenges as Asia’s fourth-largest economy faces a rapidly aging population. Finance Minister Hong Nam-ki also said South Korea will reform the country’s military in a [...]