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 [...]
SEJONG, Apr. 20 (Korea Bizwire) — The number of South Koreans in the agrofisheries sector is continuing to decrease amid a rapid aging and urbanization trend in the country, government data showed Friday. Households engaging in the farming business totaled 1.04 million last year, down 2.5 percent from 1.07 million tallied a year ago, according [...]
SEOUL, March 22 (Korea Bizwire) — South Korea’s seniors outnumbered the youth population last year for the first time in the country’s history, government data has revealed. There are now more elderly people than young people in South Korea, where the working age population has begun to decline, according to new census data from Statistics Korea [...]
SEOUL, Mar. 22 (Korea Bizwire) — South Korea’s population is expected to decline after 2032 due to low birthrates, government data showed Thursday, a development that could hurt the country’s growth potential. The population of Asia’s fourth largest economy stood at 51.45 million in 2017 and is projected to reach peak at 52.95 million in [...]
SEOUL, April 24 (Korea Bizwire) – The competition to join the South Korean military, which recently heightened amid a nation-wide economic downturn and rising youth unemployment, is subsiding with the number of South Korean youth gradually declining. According to the Ministry of National Defense, there were 566,656 young applicants to South Korea’s mandatory military service [...]
SEJONG, Feb. 16 (Korea Bizwire) – Residents of Seoul moved out of the capital city last year in the largest number in 19 years, national statistics showed Thursday, apparently driven out by costly housing and lack of jobs. The yearly tally released by Statistics Korea showed 140,000 people moved out of Seoul, the highest number [...]
SEOUL, Feb. 7 (Korea Bizwire) – South Korea’s rapid population aging may make the country’s monetary policy virtually ineffective down the road by neutralizing its ripple effect on the real economy, a report said Tuesday. According to the report based on the data of 25 members of the Organization for Economic Cooperation and Development between [...]