BUSAN, Jan. 11 (Korea Bizwire) – In Busan, South Korea, individuals over the age of 50 are approaching half of the city’s total population. According to statistics released by Busan Metropolitan City on January 10, as of 2022, this age group comprised 1.53 million people, or 46.5% of the city’s population. The breakdown of this demographic [...]
SEJONG, Dec. 15 (Korea Bizwire) – Statistics Korea released a forecast on Thursday depicting a rather grim outlook for South Korea in 50 years. The anticipated population is set to dwindle to 36 million, with half of the populace aged 63 or older. Consequently, there is a growing concern about the growing burden of supporting the [...]
GOKSEONG, Oct. 2 (Korea Bizwire) – As the concept of “workcation” gains popularity among MZers (Millennials and Generation Z) seeking a better work-life balance, major tourist destinations like Jeju are actively vying to establish themselves as premier “workcation spots.” Jeju, known for its robust tourism industry, has emerged as a prominent workcation destination. The Jeju Provincial [...]
SEOUL, Sept. 28 (Korea Bizwire) – The number of babies born in South Korea in July hit a record low, dropping below 20,000 for the first time ever. This data comes from the July population trends report released by Statistics Korea on September 27. In July, there were 19,102 live births, marking a 6.7 percent decrease [...]
SEOUL, Aug. 30 (Korea Bizwire) — South Korea extended a natural decrease in population in June as the fertility rate hit yet another record low, data showed Wednesday, reflecting the grim demographic trend. Only 18,615 babies were born in June, down 1.6 percent from a year earlier, according to the monthly report from Statistics Korea. [...]
SEOUL, Aug. 28 (Korea Bizwire) — South Korea has a smaller infant and toddler population compared to other East Asian countries, a research institute said Sunday. According to a report from the Korea Insurance Research Institute, Asia’s fourth-largest economy had 1.65 million children aged 0 to 4 as of 2021. If we use Japan’s population as [...]
SEOUL, July 26 (Korea Bizwire) – South Korea continued to report a natural decrease in population in May amid critically low births, data showed Wednesday, reflecting the alarming demographic challenge of Asia’s No. 4 economy. Only 18,988 babies were born in May, decreasing 5.3 percent from a year earlier, according to the monthly report from [...]
SEOUL, July 11 (Korea Bizwire) — South Korea’s population is set to fall to 38 million in 2070 due to its critically low birth rates, data showed Tuesday, with those aged 65 and above set to take up around 46 percent. The figure marks a sharp drop from the 52 million estimated for this year, [...]
SEOUL, June 20 (Korea Bizwire) — As South Korea’s young population continues to shrink, policies aimed at raising the age limit of the youth population are spreading across the country. The municipality of Jeongeup in North Jeolla Province said Monday it has increased the age limit for young residents to 45 years old. This change [...]
SEOUL, April 19 (Korea Bizwire) — The number of South Koreans in the agrofisheries sector fell in 2022 from a year earlier, data showed Wednesday, reflecting the rapidly aging population. The number of households in the farming business totaled 1.02 million in 2022, down 0.8 percent from the previous year, according to the data compiled [...]