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Youth Population Dwindles Below 10 Million

Source | 2017/04/23 | | Permalink

The country's youth population has dropped below 10 million for the first time and is projected to keep dwindling until 2060, when it will hover at about 5 million.

The decline will cause labor shortages and have a negative effect on economic growth.

According to a census published by Statistics Korea on Tuesday, the total population is 51.45 million this year, but only 9.25 million are between nine and 24...More

Amore Pacific Becomes World's 7th-Biggest Cosmetics Maker

Source | 2017/04/23 | | Permalink

Amore Pacific has become the world's 7th biggest cosmetics maker thanks chiefly to booming sales in Asia. Amore Pacific is the first Korean cosmetics firm to feature in the top 10 at all, beating even established behemoths Johnson and Johnson, Chanel and Avon, as well as Kao and Guerlain to rise five notches last year...More

Home Appliance Makers Cash in on Fine Dust Pollution Concerns

Source | 2017/04/23 | | Permalink

Manufacturers of home appliances are turning growing concerns about toxic fine dust pollution being blown over from the Chinese mainland to their advantage.

One unexpected beneficiary is the clothes dryer, a product that has not been widely used in Korea until recently as people were happy to hang their washing on the line. But now that the air that dries the clothes is increasingly poisonous, the year has already seen 150,000 units of the bulky gadgets sold during the first quarter, surpassing the whole of last year's sales...More

Torch Relay for Pyeongchang Olympics to Start in November

Source | 2017/04/23 | | Permalink

Former figure skater Kim Yu-na poses with the torch for the 2018 Pyeongchang Winter Olympics at an event in Seoul on Monday. /Newsis

The torch relay for the 2018 Winter Olympics in Pyeongchang will begin its more than 100-day run on Nov. 1.

It will wind its way along a 2,018 km route across the country. The organizing committee for the sporting event on Monday unveiled its plans for the relay ahead of its opening in February next year...More

Low-Income Earners More Likely to Smoke

Source | 2017/04/23 | | Permalink

Poorer people are more likely to smoke heavily, statistics published Monday show. A team led by Kang Young-ho at Seoul National University analyzed data collected from 1.59 million people across the nation from 2008 to 2014...More

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