Social Affairs
Korean labor force to shrink by 10 million by 2044: report
May 6, 2024
South Korea's working-age population is projected to shrink by a quarter in the next two decades, a report read Monday, suggesting a grim outlook for Asia's fourth-largest economy, which is 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, according to a report from the Korea