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

Yoo Jae Suk and Yoo Hee Yeol to host a new JTBC program together

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Yoo Jae Suk and Yoo Hee Yeol to host a new JTBC program together


Yoo Jae Suk and Yoo Hee Yeol will be working together as the MCs for new JTBC show “TWO Yoo Project”(working title).

Just like Yoo Jae Suk, this will be the first time for Yoo Hee Yeol to appear on a JTBC program. Many people are looking forward to their chemistry as a fresh combination together.. ... Read more

Kim So Eun reveals message of support from Song Jae Rim for her new drama

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Kim So Eun reveals message of support from Song Jae Rim for her new drama

The press conference for MBC“s “The Scholar Who Walks the Night” took place at the MBC Building on July 7 where Kim So Eun talked about her former “We Got Married” husband, Song Jae Rim. . ... Read more

Prosecution demand E-Sens be sentenced to prison and fined for his past drug use

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Prosecution demand E-Sens be sentenced to prison and fined for his past drug use

Rapper E-Sens, who was recently arrested for the third time for his illegal drug use, revealed his feelings through a testimony at his final hearing on July 7.

During the testimony, the rapper stated, “Even while knowing that smoking weed will affect not only myself but also the people around me, I kept smoking while lying to everyone. I tried to justify my actions but now I feel that my behavior was foolish and irresponsible and now I”m blaming myself. During my imprisonment I realized just how lacking I was and how many mistakes I”ve made. Doing music I”ve come to know what a happy and thankful thing living life is. I think I rightfully deserve my punishment.”  . ... Read more

E-Sens sentenced to prison time and fined for his past drug use

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E-Sens sentenced to prison time and fined for his past drug use

Rapper E-Sens, who was recently arrested for the third time for his illegal drug use, revealed his feelings through a testimony at his final hearing on July 7.

During the testimony, the rapper stated, “Even while knowing that smoking weed will affect not only myself but also the people around me, I kept smoking while lying to everyone. I tried to justify my actions but now I feel that my behavior was foolish and irresponsible and now I”m blaming myself. During my imprisonment I realized just how lacking I was and how many mistakes I”ve made. Doing music I”ve come to know what a happy and thankful thing living life is. I think I rightfully deserve my punishment.” . ... Read more

SM Entertainment keeps denying music that was created by the Girls" Generation members?

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SM Entertainment keeps denying music that was created by the Girls" Generation members?

Seohyun revealed that SM Entertainment still was not allowing her or any of the other members to take part in the creation process of Girls” Generation music during the showcase for “Party” held at Seoul Banyan Tree Club and Spa on July 7. . ... Read more