SEOUL, Aug. 2 (Korea Bizwire) — Politicians are coming up with various welfare promises as they prepare for next year’s presidential election, but the working-age population or the number of future taxpayers, whose taxes are vital in supporting these welfare policies, is plunging. Statistics Korea’s 2020 Population and Housing Census showed that the working-age population [...]
SEOUL, July 29 (Korea Bizwire) — South Korea’s total population grew at the slowest-ever pace last year as the inflow of foreigners declined for the first time in 30 years amid the pandemic, a national census showed Thursday. A total of 51.83 million people lived in South Korea as of Nov. 1, 2020, up 0.1 [...]
SEOUL, July 6 (Korea Bizwire) — South Korea’s population continued to decrease during the second quarter as deaths outnumbered births, government data showed Tuesday. As of the end of June, the nation’s registered population stood at 51,672,400, down 0.06 percent from 51,705,905 tallied at the end of March, according to census figures from the Ministry [...]
SEOUL, July 4 (Korea Bizwire) — Seoul has suffered its largest population decline in five years, with the soaring housing prices likely driving people out of the capital city, data showed Sunday. According to figures compiled by the Ministry of Interior and Safety and provided to People Power Party Rep. Tae Young-ho, Seoul had a [...]
SEOUL, March 3 (Korea Bizwire) — South Korea’s shrinking population is resulting in a lack of enrollment at local universities. For the first time in school history, Chonnam National University was only able to enroll 4,067 new students, leaving 140 slots unfilled. Chosun University filled only 4,222 of 4,350 slots for new students, with 128 [...]
SEOUL, Feb. 24 (Korea Bizwire) — South Korea reported the first natural decline in population last year as the number of deaths outpaced that of newborns amid the country’s rapid aging and chronic low birth rate, data showed Wednesday. The number of newborns came to a record low of 272,400 last year, down 10 percent, [...]
SEOUL, Jan. 8 (Korea Bizwire) — A declining population is leading local authorities to come up with new policies as the plunging birth rate threatens to undermine the competitiveness of a number of cities, and could even lead to their dissolution. The southeastern city of Changwon is stepping up to offer special loans to stimulate the [...]
SEOUL, Jan. 5 (Korea Bizwire) — South Korea is forecast to overtake Japan in terms of the proportion of elderly people among the total population in about 20 years due to its steep population aging speed, the central bank predicted Monday. The Bank of Korea (BOK) said in its latest report that South Korea ranks [...]
SEOUL, Jan. 3 (Korea Bizwire) — South Korea’s population fell year-on-year for the first time in 2020, census data showed Sunday, with a record low number of births getting surpassed by deaths to cause a natural decrease. According to the latest census figures released by the Ministry of Interior and Safety, South Korea had 51,829,023 [...]
SEJONG, Oct. 15 (Korea Bizwire) — The number of people aged 65 or older in South Korea is expected to account for 30 percent of the population in 2035, a report showed Thursday, highlighting concerns that the fast-aging demographic transition could pose a drag on the country’s economy. According to the report by Statistics Korea, [...]