South Korea must revitalize its economy to avoid stagnation (Chosun/4 Aug 2024)

Chosun Daily editorial argues that South Korea, once a model of economic growth, is now facing challenges due to its extremely low birth rate and aging population. Economic growth has slowed, and necessary reforms in labor, education, and pensions are lagging. Political strife and populist policies have compromised fiscal responsibility, raising concerns about the country's future economic stability.