elderly population

Korean food S.Korea's BBQ enters world's most populous market, India

Genesis BBQ Group, the operator of a popular South Korean fried chicken brand, is expanding its market to South Asia by entering India, the world&rs...

Banking & Finance Shinhan Card tops S.Korea's EPG ranking for financial institutions

South Korea's Shinhan Card said on Monday it was ranked as the leading company in the domestic financial sector in an environment, population, and g...

Economy South Korea’s job growth rises in July led by elderly workers

South Korea’s job numbers grew in July, led by new hires among those in their 60s and older in one of the world's fastest-aging countries. The...

Economy Filipino caregivers come to Korea amid demographic crisis

Some 100 certified caregivers from the Philippines will come to South Korea in August to work as domestic helpers in a country struggling with the...

Economy Korea needs population growth for sustainability: World Bank chief

World Bank President Ajay Banga said on Thursday that South Korea needs to boost population growth by easing the fierce competition in education and...

Economy S.Korean newly married couples’ birth rate at record low

South Korea’s fertility rate among newly married couples, who account for most of the country’s newborns, hit a trough last year, adding...

Leadership & Management Sibling rivalry for Hankook Tire control takes new turn as MBK steps in

The sibling rivalry for management control of Hankook Tire & Technology Co., South Korea’s top tire maker, has taken another turn as the e...

Business & Politics S.Korea to add India, Lithuania to list of nations eligible for E-9 visa

South Korea plans to allow non-professional workers from India and Lithuania to apply for the E-9 visa as the country struggles with a shrinking wor...

Korean food Samyang Foods launches TomYum Buldak Ramen in US

South Korea's Samyang Foods Co. announced on Friday it began to release the new export-exclusive product of Hot Chicken Flavor Ramen, or Buldak Rame...

Electronics India, LG’s land of promise with young, rich population

NOIDA, India -- LG Electronics Inc., the leading global home appliance maker, plans to build a new electronics plant in India to cement its dominant...

Insurance Hanwha Life sees cumulative profit in 15 years in Vietnam

Hanwha Life Insurance Co.’s Vietnamese subsidiary has reported a cumulative profit in 15 years, marking the first South Korean insurers’...

Economy BOK chief says aging without assets key challenge to S.Koreans

JEJU -- South Korea’s central bank chief on Friday warned of the growing risk of aging without assets in Asia’s fourth-largest economy a...

Insurance KB Financial, Sompo Japan team up for boosting nursing care services

South Korea's KB Financial Group and Japan's Sompo Holdings announced on Friday a memorandum of understanding (MOU) to collaborate on nursing care s...

Economy 1% reduction in working-age population reduces GDP by 0.59%: report

A study has revealed that a decrease in the working-age population due to low birth rates and an aging population, coupled with an increase in the d...

Culture & Trends S.Korea's elderly population to exceed 10 million in 2024

The number of people in South Korea aged 65 or over next year is expected to break 10 million, with the country to enter an era in which 20% of the ...

Tech, Media & Telecom S.Korea's ETRI creates software for faster 5G using small cells

The Electronics and Telecommunications Research Institute (ETRI), a non-profit government-funded research institute in South Korea, said on Tuesday ...

Mergers & Acquisitions MBK to buy Japanese nursing home and care service for $300 mn

MBK Partners, the largest private equity firm in Northeast Asia, is set to acquire Japanese senior nursing care service company Unimat Retirement Co...

Bio & Pharma SK Chemicals launches uremia itching treatment tablet

SK Chemicals said on Monday that it has launched Remitch in orally disintegrating tablets, a treatment for intractable uremic pruritus (uremia itchi...

Korean Innovators at CES 2023 Samsung to launch its first robot to assist with elderly care

Samsung Electronics Co., the world's largest memory chip and smartphone maker, is set to launch its first robot later this year to care for the elde...

Food & Beverage Whisky imports up 62%, projected to be popular next year and beyond

As whisky became more popular in Korea, the amount of whisky imported for 10 months until October this year increased about 62% compared to the same...

Economy South Korea's total fertility rate falls under 0.8 in 3rd quarter

South Korea's birth rate in the third quarter this year set another all-time low of under 0.8, and the national population consequently declined f...

Korean startups Math app Qanda enjoys surge in popularity with 74 mn subscribers

The number of subscribers to the mathematics education app Qanda exceeded 74 million as of earlier this month. It is rare for an app developed ...

The KED View Superpowers without dignity as China-US tensions grow

“The greatest danger that can befall us in coping with this problem of Soviet Communism is that we allow ourselves to become like those with w...

Economy S.Korea forecast to have world's oldest population by 2070

South Korea is expected to become the world’s most elderly country with about half of its population aged 65 or older by 2070, the government ...

ASK 2022 [ASK 2022] Infrastructure benefits from inflation and population growth: Sera Global

 Infrastructure is stronger than ever amid the current macroeconomic risks, and investors will see greater opportunities in the ...

Economy S.Korea to report first-ever population drop in 2021

South Korea's total population in 2021 is set to decline for the first time since the country began collecting census data, hit by a sharp fall in b...

Unemployment rate COVID-19 pandemic slams Korea’s job market; elderly workers rise

Hit hard by the fallout of the coronavirus pandemic, South Korea lost about 392,000 jobs in September, with the number of employed slipping for the se...

Markets Korea’s economically inactive population rises to record high in July

Hit hardest by the fallout of the coronavirus pandemic, South Korea’s jobless rate rose to the highest level in two decades, while many people w...