South Korea’s population faces point of no return

One in five South Koreans is now aged 65 or older, officially making the country a “super-aged society.” The aging population, coupled with a declining birth rate, has policymakers worried about the long-term economic impact. South Korea has spent billions on initiatives to boost births, but obstacles like rising housing prices persist. The country may have the highest proportion of elderly people by 2045, but their advanced high-tech and manufacturing capabilities could help offset workforce losses. South Korea leads the world in industrial robot density, with one robot for every 10 workers. The government is implementing measures to address the demographic crisis, such as making parental leave more flexible and offering tax breaks for companies with good work-family balance policies.

https://www.newsweek.com/south-korea-news-population-faces-point-no-return-2005918

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