Societal, parental, and educational pressures have made a lot of Koreans apprehensive about bringing children into what they view as an overly demanding country. Despite offers of childbirth incentives by the state and employers, the year to year decline in births may have already done irreparable damage to the future of the population.
“South Korea is heading toward a demographic collapse unlike anything the world has seen before. With the lowest fertility rate ever recorded and a rapidly aging population, the country faces a future of economic decline, shrinking cities, cultural erosion, and a vanishing workforce.
By 2060, nearly half of South Koreans could be over the age of 65, and entire regions may be abandoned as the population continues to shrink.
How did South Korea reach this point? Why might it no longer be possible to reverse the trend? And what does this mean for other countries on a similar path?”