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Foreigners to make up 10 pct of Korea's population in 2050: report

All Headlines 10:13 September 03, 2009

SEOUL, Sept. 3 (Yonhap) -- Foreigners will account for around 10 percent of South Korea's population in 2050 due to the country's declining birth rate and an increasing influx of people from abroad, a report said Thursday.

According to the report by the Korea Research Institute of Human Settlements, the number of foreign residents will amount to 4.09 million in 2050, making up 9.8 percent of South Korea's total population.

The number of foreigners exceeded 1 million in 2007, marking a nearly four-fold increase over the past 10 years. The number is expected to reach 2.54 million in 2020 before exceeding the 4 million mark a decade later, the report showed.

The increasing ratio of foreign residents to Korean nationals comes amid a fast-aging population caused largely by a declining birth rate, according to the report.

The number of childbirths per year is expected to decline to 193,000 in 2050 from an estimated 435,000 in 2010. Based on these figures, senior citizens will account for 38.2 percent of the nation's total population, the report showed.

Along with the change in demographics, South Korea will also see a dramatic change in its climate as well over the next century.

Average temperatures are expected to rise by 4 degrees Celsius over the next 100 years, while the amount of annual precipitation will rise 17 percent over the cited period, according to the report.


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