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, [...]
SEJONG, Aug. 28 (Korea Bizwire) — South Korea’s total population inched up last year, but elderly people continued to outnumber children due to a rapid aging trend and a record low birth rate, the national census showed Friday. A total of 51.78 million people lived in South Korea as of Nov. 1, 2019, up 0.3 [...]
SEOUL, Aug. 15 (Korea Bizwire) — South Korea’s population on the government’s database of residents register rose slightly and became older in 2019 from a year before, data showed Saturday. The country reported a total increase of 23,902, or 0.05 percent, in population to 51.8 million, and its average age rose to 42.6 from 42.1, [...]
SEOUL, June 29 (Korea Bizwire) — The capital and its surrounding area is anticipated to become home to more than half of the country’s 52-million population this year, as more people moved into the metropolitan area for job and education opportunities, data showed Monday. The population of the capital city and its surrounding Gyeonggi Province [...]
SEOUL, Dec. 9 (Korea Bizwire) — SK Telecom Co., a major telecommunication company in South Korea, said Monday it has joined hands with the country’s statistics agency to offer a mobile big data-based population mapping service. The service combines mobile data collected by SKT’s base stations nationwide and Statistics Korea’s data on population and households, [...]
SEOUL, Nov. 21 (Korea Bizwire) — South Korea will cut the slots for alternative military service by about 1,300 in the coming years in an effort to cope with the dwindling number of men required to serve in the military amid a shrinking population, officials said Thursday. By law, all able-bodied males in South Korea [...]
SEJONG, Sept. 27 (Korea Bizwire) – People aged 65 or older made up about 15 percent of South Korea’s population this year, a report showed Friday, highlighting concerns that the fast-aging demographic transition could pose a drag on the country’s economy. According to the report by Statistics Korea, the number of people aged 65 or [...]
SEOUL, Sept. 18 (Korea Bizwire) — The number of South Korean households is likely to peak at 22.65 million in 2040 before declining to 22.3 million in 2047, the country’s statistics agency said Wednesday, in the latest sign of a population decline in Asia’s fourth-largest economy. In 2017, the number of households in South Korea [...]
SEOUL, Sept. 17 (Korea Bizwire) — Seoul is getting smaller and older in terms of population and could soon cease to be a megacity with over 10 million inhabitants, the capital’s government said Tuesday. According to the city government, the total number of residents in the capital was 10,049,607 as of the end of last [...]
SEJONG, Sept. 2 (Korea Bizwire) — The proportion of people in South Korea aged 65 years or older could increase sharply amid a rapidly aging population, the country’s statistics agency said Monday. Statistics Korea forecast that the country’s population is likely to reach 39 million in 2067, sharply down from 51.7 million in 2019. It [...]