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 [...]
SEOUL, Feb. 23 (Korea Bizwire) — Higher education in South Korea is experiencing a crisis, with local universities particularly hard hit. On Jeju Island, all universities failed to meet their enrollment quotas in 2023, with just 33 new students enrolling in four-year universities. This is due to a sharp drop in the school-age population, caused [...]
SEOUL, Feb. 3 (Korea Bizwire) — The shrinking population driven by low birthrate and aging will cut South Korea’s economic growth by close to 1 percent each year in the long term, a research paper showed Thursday. Lee Jong-wha, an economics professor at Korea University and chief of the Korean Economic Association, estimated a forecast [...]
SEOUL, Jan. 15 (Korea Bizwire) — South Korea’s population shrank last year, continuing its downward trend for three years in a row, with the number of single-person households close to 10 million, government data showed Sunday. The Ministry of Interior and Safety said the country’s registered population stood at 51,439,038 as of Dec. 31 of [...]
SEOUL, Sept. 29 (Korea Bizwire) — People aged 65 and older took up 17.5 percent of South Korea’s population this year amid rapid aging, data showed Thursday, underscoring concerns that the demographic change could weigh on the country’s economy. The number of older adults stood at 9.02 million out of the country’s 51.6 million population [...]
SEOUL, Aug. 23 (Korea Bizwire) — South Korea’s population declined on-year for the second consecutive year last year, while the number of single-person households continued to increase, government data showed Tuesday. As of the end of 2021, the nation’s registered population stood at 51,638,809, down 0.37 percent from 51,829,023 tallied at the end of 2020, [...]
SEOUL, June 7 (Korea Bizwire) — Seoul’s population has fallen below 9.5 million, just six years after it sunk below 10 million, data showed Monday. The Ministry of Interior and Safety said that the population of the capital city stood at 9,496,887 as of late May, The city’s population was above 10.3 million as recently [...]