The Impending Fall of Korea?

Korea has the world’s lowest fertility rate at 0.78 births per woman, with its population now in decline. Being married is seen as a prerequisite to having children in South Korea, but marriages are also plunging in the country amid sky-high costs of housing and education. The nation’s capital Seoul logged the lowest birth rate of 0.59. The government has failed to reverse the falling birth rate despite spending billions of dollars each year on childcare subsidies. Korea’s pension fund is set to run out by 2055 as this demographic crisis hits. President Yoon Suk-yeol
has come up with a solution, make people work harder! Currently, they have a 52-hour work week, but he plans to increase it to 69 hours. That’ll give people plenty of free time to have more babies, won’t it?

South Korea's world lowest fertility rate drops again:
https://www.reuters.com/world/asia-pacific/south-koreas-world-lowest-fertility-rate-drops-again-2023-02-22/

South Korea’s pension fund forecast to run out in 2055 as demographic crisis hits:
https://www.ft.com/content/e365b51b-abb1-4470-88b8-8fcd91522b92

South Korea bucks shorter working week trend, with push for 69 hours:
https://www.9news.com.au/world/south-korea-plan-sixty-nine-hour-working-week/87ffcd55-c767-4271-b423-65513085759c

#Shorts