East Busan Tourism Complex Sites to be Sold
Sites at the DongBusan tourism complex will be will be divided and sold separatedly now that the project has been delayed for a short time due to a lack of investors. The Busan Metropolitan Corporation said that it is hard to more forward with the project because it has yet to draw in a massive resource of capital. The corporation said that it would find investors by slicing up the complex into individual units and facilities. The entertainment and beach zones will be divided into 185 square meters plots first and investors will be sought after until the 25th. This new tactic has increased the voices of concern about the project now that it is proceeding in a way without unity.
Busan to the North Pole: Discussions Start Continue reading
Busan still ranks last among the 16 cities or provinces in the country according to birthrate, even through the city has made a strong push to encourage its citizens to have more children.
According to last year’s birthrate statistics from the National Statistical Office Busan remained at the bottom for the 13th consecutive year.
The total fertility rate for Busan, which is the average number of children one women has during her lifetime, was just .94, well below the nation’s average of 1.15.
There were only 25 thousand children born in Busan last year, down 5.7% compared to 2008. It is the second year in a row the number has gone down.
Studies show that many young couples from Busan are moving to other regions including Gyeongnam in search of better jobs.
In the meantime, the average birthrate and total number of babies dropped across the country while the average age for giving birth rose slightly to 31. Continue reading