Shin hails population milestone

Shin hails population milestone

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Shin hails population milestone

First vice finance minister Shin Je-yoon warned of serious challenges ahead for the Korean economy after the population hit 50 million last Saturday, warning against too much celebration about the population growth. "Reaching a 50 million population is a significant achievement along with the country's $20,000 per capita gross domestic product", Shin said at a meeting yesterday. "Korea is the seventh country in the world to attain the two goals of growing both in terms of quantity and quality", Shin said. Japan was the first to do so in 1987, followed by the United States in 1988, France and Italy in 1990, Germany in 1991 and the United Kingdom in 1996. The vice minister explained it is proven that countries with more than 50 million populations and $20,000 GDP per capita have little difficulty reaching $30,000. But he pointed out possible downsides of the 50 million population era. "Economic vitality will lose steam as the proportion of elderly and single households expand", Shin said. For businesses, domestic population growth makes it easier to achieve economies of scale. "Domestic companies will have easier access to the global market as they service a bigger domestic market with consumers with more purchasing power", Shin said. Shin emphasized the importance of fiscal soundness for the economy. "The Korean government should learn a lesson from the Greek crisis and try to keep strengthening our fiscal health", he said. Kim Jeong-geun, a research fellow at Samsung Economic Research Institute, expressed worries about the possibility of fiscal deficits that could be incurred by increasing government spending on social welfare for the growing population. "Financial burdens on the government will mount as the number of taxpayers decline, while those in need of financial aid increase due to low fertility rates and an aging society", Kim said. The population hit 40 million in 1984. By Song Su-hyun

Baro to make a special cameo as a top star on "Perseverance Goo Hae Ra" in support of Jinyoung

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Baro to make a special cameo as a top star on "Perseverance Goo Hae Ra" in support of Jinyoung

Get ready for double the dose of B1A4 on the upcoming episode of “Perseverance Goo Hae Ra” for Baro will be making a special cameo!

He”ll be appearing on the episode airing on the 6th as a top star named Ray. He”ll be acting out a scene with his fellow member Jinyoung, except Jinyoung will be a rookie while Baro will be the already famous star. Can”t you imagine the boys chuckling about this off camera? . ... Read more

"Shoot The Sun" Kang Ji-hwan and Yoon Jin-seo in Los Angeles

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"Shoot The Sun" Kang Ji-hwan and Yoon Jin-seo in Los Angeles

The eye-catching poster of Kang Ji-hwan is out.

The noire movie posters of three men and women with cruel fates have been released.

The energy overflowing posters show the charisma of every actor and actress from the movie. . ... Read more

First round of tickets for Jaejoong"s last solo concert before enlistment sells out in five minutes

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First round of tickets for Jaejoong"s last solo concert before enlistment sells out in five minutes

When a Korean man goes off to join the army, a few loved ones come to say goodbye. When JYJ”s Jaejoong goes off to the army, the first round of his concert tickets sell out in just five minutes! . ... Read more

Girls" Generation"s Taeyeon graces High Cut magazine

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Girls" Generation"s Taeyeon graces High Cut magazine


Girls” Generation”s Taeyeon graces the March issue of High Cut magazine.

She poses in sports style outfits, showing off her well-maintained figure, check out more photos below:


. ... Read more

K-Pop stars and their American counterparts

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K-Pop stars and their American counterparts

Sometimes when words fail you, it”s easy to explain your favorite K-Pop idol to your friends as the “Korean version” of a global, American pop star. But ever wonder what your favorite K-Pop idol would actually be like if they competed in the music industry across the world? . ... Read more