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Article: South Korea worries about a slowdown.(economic growth)
- Article from:
- Market Asia Pacific
- Article date:
- October 1, 2006
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South Korea is the fourth largest economy in Asia, and the twelfth biggest economy in the world. So changes in its consumer base are of some note.
On August 25, 2006, United Press International (UPI), citing Korea's National Statistics Office (NSO) as its source, reported that the country's birth rate dropped to a new low. "The crude birthrate was 9 births for every 1,000 residents -down from 9.8 in 2004, 10.3 in 2003 and 13.4 in 2000," said the newswire.
The central reason for this trend is that women in South Korea are postponing having children so they may pursue their careers. UPI cited two facts to underscore the development. More women are giving ...