Seouls Population Is Dwindling

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Seoul's Population Is Dwindling
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Seoul's Population Is Dwindling

The population of Seoul is forecast to fall from the present 10 million to less than nine million by 2045.

Statistics Korea on Thursday said the number of citizens in the capital will fall from 9.94 million in 2015 to 8.81 million in 2045.

At present they make up a whopping 19.5 percent of Korea's total population.

The figure has been declining since 2010 as people move to surrounding satellite cities due to rising housing costs and traffic congestion and as state-run corporations and ministries relocated to Sejong City and other parts of the country.

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Youth Population Dwindles Below 10 Million

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.

This is the first time since the first census in 1970 that the youth population has plunged below 10 million.

Population Drain Spreads to Bigger Towns
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Population Drain Spreads to Bigger Towns

Larger Korean towns are starting to suffer from the same kind of population drain that has afflicted rural villages for some time.

The Korea Research Institute for Human Settlements in a recent report said the population of 20 out of 77 provincial cities decreased, resulting in more and more empty homes. The researchers surveyed outflow or influx of residents and focused on cities whose population dwindled by more than 25 percent over the last 40 years.

The biggest population drain was in North Gyeongsang Province, where seven big towns lost a lot of inhabitants -- Gyeongju, Gimcheon, Andong, Yeongju, Yeongcheon, Sangju and Moongyeong.

Seouls 1km Long Elevated Park Finally Opened, And Its Magical
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Seouls 1km Long Elevated Park Finally Opened, And Its Magical

Citizens and tourists of Seoul can now see the city in a new view, thanks to its new sky park.

Image Source: Ossip van Duivenbode

The sky park, which was in construction for almost 2 years, cost $72 million to build and gives a phenomenal view of the city.

The sky park was originally an overpass that was going to be demolished after 40 years; however, Seouls mayor Park Won Soon had a much more innovative plan.

Instead of tearing it down we decided to transform it into a pedestrian road, aiming to not only revive the elevated road but also turn it into a place where people can come together.