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 [...]
SEOUL, Apr. 19 (Korea Bizwire) – Faced with a stark decline in birth rates and an aging population exacerbated by an exodus to cities like Seoul, rural towns across South Korea are scrambling to reverse the trend of dwindling populations with a raft of creative policies aimed at luring new residents. The strategies broadly fall into [...]
SEOUL, Mar. 27 (Korea Bizwire) — The number of South Koreans who moved to different residences in the country rose for the fifth consecutive month in February amid rising home transactions, data showed Wednesday. Around 655,000 people changed residences last month, up 5.2 percent from a year earlier, according to the data compiled by Statistics [...]
JEONJU, Mar. 19 (Korea Bizwire) – Faced with a continuing population decline, the government of North Jeolla Province announced on March 18 that it would introduce a region-specific visa program aimed at attracting skilled foreign workers and ethnic Koreans living abroad. The new visa policy seeks to ease requirements for certain qualified foreigners and overseas Koreans, [...]
JEJU, Feb. 1 (Korea Bizwire) – For the first time in 14 years, Jeju Island, once a popular destination for new settlers, has experienced a higher number of people moving out than moving in. According to Statistics Korea, last year saw 81,508 people move to Jeju, while 83,195 left, resulting in a net outflow of 1,687 [...]
SEOUL, Jan. 12 (Korea Bizwire) – Out of 89 regions in South Korea designated as declining in population, nine have successfully reversed this trend, largely due to a common factor: improvements in the residential environment. According to the ’2023 Year-End Resident Registration Population Statistics’ released by the Ministry of the Interior and Safety on January 10, [...]