Seoul likely to lose megacity status
Seoul: 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 year, including 283,984 foreign […]
Korea’s growth potential set to decline due to aging population
Seoul: South Korea’s growth potential is expected to fall at a faster rate than earlier anticipated largely due to the aging of the population that will also lead to a cut in the number of eligible workers, a central bank report said Monday. The country’s growth potential for the 2016-2020 period is estimated at between […]
WB says extreme poverty population declines, more efforts needed
The World Bank said Wednesday that the extreme poverty population in every region of the developing world declined by 13 million between 2005 and 2008, but more efforts are needed to fight against it. The Washington-based institution said in a report about 1.29 billion people lived below 1.25 U.S. dollars a day in 2008, equivalent […]
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