SEJONG, Dec. 8 (Korea Bizwire) – South Korea’s population is expected to start contracting in 2032 amid widespread concerns that the country’s chronic low birthrate and aging citizens will undermine growth potential, a government report showed Wednesday. According to the report by Statistics Korea, Asia’s fourth-largest economy will likely see its population peak at 52.96 [...]
SEJONG, Sept. 29 (Korea Bizwire) – The ratio of senior citizens aged 65 and over in South Korea rose to an all-time high in 2015, underscoring the trend that the country’s population is aging at a fast pace, government data showed Thursday. According to the data by Statistics Korea, 6.57 million, or 13.2 percent of [...]
SEOUL, Sept. 26 (Korea Bizwire) – Households comprised of one or two people will account for over 60 percent of Seoul’s total population by 2040, a report showed Monday. Byeon Mi-ri, chief of the Global Future Research Center under the Seoul Institute, said 30 percent of homes in the capital city will be made up [...]
CHEONGJU, South Korea, Sept. 7 (Korea Bizwire) – Cheongju, despite being the capital and largest city in North Chungcheong Province, has a population of a mere 830,000 citizens. But with a recent verdict that it would need at least 1 million city residents to establish a self-sufficient economic bloc, the city has come up with [...]
SEOUL, Sept. 1 (Korea Bizwire) – The expected decline in the working age population in South Korea beginning next year will hit the steel and its related markets, as seen in the case of Japan, a research report said Thursday. The report from the POSCO Research Institute projected that the construction market, which accounts for [...]
SEOUL, Aug. 25 (Korea Bizwire) – South Korea’s urban population continued to increase last year with more than 90 percent of the total population living in less than 17 percent of the total land here, a government report showed Thursday. According to the report from the Ministry of Land, Infrastructure and Transport, the number of [...]
SEOUL, July 27 (Korea Bizwire) – The number of foreigners in South Korea topped the 2 million mark as of June, accounting for 3.9 percent of the total population, government data showed Wednesday. The number of foreigners in South Korea has been rising steadily since it reached the 1 million mark in 2007, according to [...]
SEJONG, July 26 (Korea Bizwire) – The number of South Koreans changing their residences dropped nearly 13 percent on-year in June as the housing market showed signs of slowing, the state statistics agency said Tuesday. A total of 567,000 South Koreans changed their residences in June, down 83,000, or 12.8 percent, from a year earlier, [...]
SEJONG, June 30 (Korea Bizwire) – The number of South Korean urban households moving to rural areas jumped more than 10 percent in 2015 from a year earlier as the return-to-farm movement is becoming notable in the country, government data showed Thursday. A total of 11,959 households living in the countryside came from cities last [...]
SEOUL, June 28 (Korea Bizwire) – Due to the stagnating economy and declining real estate sales, the number of Koreans migrating to different areas has declined in three consecutive months (as of May). The total number of domestic migrants in May was 589,000, the lowest figure for the month since May 1975 (480,000). Among those [...]