Quarter of labor force in Korea to vanish by 2044: report
About 10 million people, or a quarter of the current working-age population, are projected to disappear in the next two decades in South Korea, a report warned Monday, suggesting a grim outlook for Asia's fourth-largest economy struggling to find a breakthrough from its historically low birth rate. The working-age population, which Seoul defines as economically active people aged between 15 and 64, will stand at some 27.17 million by 2044, down by 9.4 million from 36.57 million in 2023, acc
May 6, 2024