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 [...]
SEOUL, Jul. 25 (Korea Bizwire) — The government plans to apply stronger measures to control the population of stray cats, which has reached an all-time high and begun to impact local ecosystems. The Ministry of Environment decided to implement new neutering methods and put scarves on cats to limit their hunting capabilities. The ministry will [...]
SEOUL, Jul. 1 (Korea Bizwire) — In 2029, ten years down the road, South Korea’s female population is expected to surpass that of men. The “gender ratio,” or the number of men per 100 women, is expected to hit 99.9 in 2029, when the record will be broken for the first time, according to data [...]
SEJONG, Mar. 28 (Korea Bizwire) — South Korea’s statistics agency forecast Thursday that the country’s population is likely to peak at 51.94 million in 2028 before declining to 39.29 million in 2067. Statistics Korea’s latest medium variant projection is bleaker than its previous assessment, made in 2016, when South Korea’s population was projected to fall [...]
SEOUL, Jan. 18 (Korea Bizwire) — South Korea’s fertility rate probably fell below the critical level of 1 to an all-time low in 2018, an official said Friday. The country’s total fertility rate is estimated at 0.96 to 0.97 for last year, said the official at the Presidential Committee on Aging Society and Population Policy. [...]
SEOUL, Jan. 14 (Korea Bizwire) — South Korea’s population growth rate fell below 0.1 percent for the first time last year, with its median age topping 42, government statistics showed Monday. The nation’s resident population was 51,826,059 as of the end of 2018, marking an increase of 0.09 percent, or 47,515 people, from the previous [...]
SEOUL, Aug. 14 (Korea Bizwire) — A new survey has found that due to the nation’s low birth rates since the early 1980s, the country’s overall population will continue to decline even if birth rates in the future increase. According to a new report released by the Korea Institute for Health and Social Affairs, South [...]