South Korea's working-age population projected to decrease by 10M to 27.17M by 2044 due to low birth rates, impacting consumption and economy.
South Korea's working-age population is projected to decrease by nearly 10 million to 27.17 million by 2044 due to critically low birth rates, according to the Korean Peninsula Population Institute for the Future. The total population is expected to drop to 39.69 million by 2065. The decline in the economically active population will impact consumption and potentially lead to economic challenges.
May 06, 2024
4 Articles