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

Shin hails population milestone

First vice finance minister Shin Je-yoon warned of serious challenges ahead for the 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. was the first to do so in 1987, followed by the in 1988, and in 1990, in 1991 and the 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

Lee Min-ho and Park Shin-hye, to cancel or not?
Actor Lee Min-ho and Park Shin-hye were to attend the Hallyu Star Family Concert in the Olympic Stadium on the 18th. However, several stars appearing in the concert including the two of them have requested to postpone the event to mourn for the tragic incident that happened on the 16th. However, Lotte Duty Free is saying that won't be possible. The concert with domestic fans on the 19th and 20th have been postponed but the one on the 18th with 12,000 international fans will go on as usual...
Lee Min Ho and Park Shin Hye Continue to Request for Hallyu Event to Be Postponed
While the situation is still up in the air, onlookers are watching to see if Lee Min Ho and Park Shin Hye will attend a hallyu event. After jumping to incredible popularity after SBS’ The Heirs, Lee Min Ho and Park Shin Hye have been picked out as 2014’s hottest hallyu stars. Their popularity in China is especially unimaginable, with fans from overseas naturally coming into Korea to see them. In the midst of this, Lee Min Ho and Park Shin Hye were scheduled to attend theFamily Concert with Hallyu Stars, organized by Lotte Duty Free for April 18, 19, and 20 at the Jamsil Gymnastics Stadium...
Shin Ji Hoon lends her voice for theme song 'Happy Ending' for upcoming animated film 'Beyond Beyond'
"K-Pop Star 2"s Shin Ji Hoon lent her angelic voice for the song "Happy Ending" for the upcoming animated film "Beyond Beyond"! SEE ALSO: 2014 Summer Internships Now Available! (Edgewater, New Jersey) "Happy Ending" is the theme song for the movie and gives a message of hope with its beautiful melody and lyrics that are express through Shin Ji Hoon"s pure and refined voice. A Cube DC rep stated, ""Beyond Beyond" is an animated film that is good for your whole family to enjoy at the theater...
Tags : , , , , , , , You’re the Best Lee Soon Shin dramawiki you\re the best lee soon shin dramawiki you\re the best lee soon shin youre the best lee soon shin dramawiki youre the best lee soon shin you are the best lee soon shin yoon si yoon park shin hye dating yoon si yoon park shin hye yoon si yoon and park shin hye dating yoon si yoon AND PARK SHIN HYE