Korea’s population including foreign residents is projected to surpass 50 million this Saturday. It is estimated to peak at 52.16 million in 2030 before declining gradually to 49.81 million in 2045, according to a projection by Statistics Korea.
It took about half a century for the country to double its population, which stood around 25 million in the early 1960s.
Korea now accounts for 0.71 percent of the world population, up from 0.61 percent in 1983 when its population topped 40 million.
Coupled with its per capita income above $20,000, the landmark population figure appears to give Koreans some sense of pride about their achievements over the past decades.
Local media has shed light on Korea becoming the seventh country with a population of over 50 million whose per capita income exceeds $20,000. READ MORE.