Elderly set to exceed 30% by 2034
The population of South Korean nationals residing in the country has dropped below 50 million for the first time in six years, largely due to low birth rates.
Projections suggest that by 2042, this figure may not even reach 47 million.
According to data released by Statistics Korea on April 11, the population of South Korean nationals decreased from 50,021,000 in 2022 to 49,847,000 in 2023. After surpassing the 50 million mark in 2018 with a population of 50,024,000, the figure had remained in the 50 million range for five years before dropping to the 40 million range last year.
Wish my country could manage its population like this.
All we get it more people and more expensive housing.
there are many factors than just the amount of people. A lot of housing is just empty…