* Date : 2019-05-01
Korea's natural population will start to shrink this year, a decade earlier than originally expected, as deaths outnumber births. The nation's total fertility rate fell last year to a record low of 0.98, which is the lowest among the 35 OECD member countries, whose average in 2017 was 1.68. As a result, the number of working people in the country, between the ages of 15 to 64, is expected to plunge by nearly 19% by 2037. So, what will be the economic impact of the nation’s impending population decline?
“The Chamber” delves deeper into the causes and consequences of Korea’s population decline and ways to address the challenges, using the cases of other countries that have experienced or are experiencing similar issues.