GOKSEONG, Oct. 2 (Korea Bizwire) – As the concept of “workcation” gains popularity among MZers (Millennials and Generation Z) seeking a better work-life balance, major tourist destinations like Jeju are actively vying to establish themselves as premier “workcation spots.” Jeju, known for its robust tourism industry, has emerged as a prominent workcation destination. The Jeju Provincial [...]
SEOUL, Sept. 28 (Korea Bizwire) – The number of babies born in South Korea in July hit a record low, dropping below 20,000 for the first time ever. This data comes from the July population trends report released by Statistics Korea on September 27. In July, there were 19,102 live births, marking a 6.7 percent decrease [...]
SEOUL, Aug. 30 (Korea Bizwire) — South Korea extended a natural decrease in population in June as the fertility rate hit yet another record low, data showed Wednesday, reflecting the grim demographic trend. Only 18,615 babies were born in June, down 1.6 percent from a year earlier, according to the monthly report from Statistics Korea. [...]
SEOUL, Aug. 28 (Korea Bizwire) — South Korea has a smaller infant and toddler population compared to other East Asian countries, a research institute said Sunday. According to a report from the Korea Insurance Research Institute, Asia’s fourth-largest economy had 1.65 million children aged 0 to 4 as of 2021. If we use Japan’s population as [...]
SEOUL, July 26 (Korea Bizwire) – South Korea continued to report a natural decrease in population in May amid critically low births, data showed Wednesday, reflecting the alarming demographic challenge of Asia’s No. 4 economy. Only 18,988 babies were born in May, decreasing 5.3 percent from a year earlier, according to the monthly report from [...]
SEOUL, July 11 (Korea Bizwire) — South Korea’s population is set to fall to 38 million in 2070 due to its critically low birth rates, data showed Tuesday, with those aged 65 and above set to take up around 46 percent. The figure marks a sharp drop from the 52 million estimated for this year, [...]
SEOUL, June 20 (Korea Bizwire) — As South Korea’s young population continues to shrink, policies aimed at raising the age limit of the youth population are spreading across the country. The municipality of Jeongeup in North Jeolla Province said Monday it has increased the age limit for young residents to 45 years old. This change [...]
SEOUL, April 19 (Korea Bizwire) — The number of South Koreans in the agrofisheries sector fell in 2022 from a year earlier, data showed Wednesday, reflecting the rapidly aging population. The number of households in the farming business totaled 1.02 million in 2022, down 0.8 percent from the previous year, according to the data compiled [...]
SEOUL, Feb. 23 (Korea Bizwire) — Higher education in South Korea is experiencing a crisis, with local universities particularly hard hit. On Jeju Island, all universities failed to meet their enrollment quotas in 2023, with just 33 new students enrolling in four-year universities. This is due to a sharp drop in the school-age population, caused [...]
SEOUL, Feb. 3 (Korea Bizwire) — The shrinking population driven by low birthrate and aging will cut South Korea’s economic growth by close to 1 percent each year in the long term, a research paper showed Thursday. Lee Jong-wha, an economics professor at Korea University and chief of the Korean Economic Association, estimated a forecast [...]