South Korea's population to shrink over 30% by 2072 (Yonhap/23 Sep 2024)

Yonhap reports that South Korea’s population is projected to shrink by over 30% to 36 million by 2072, dropping its global ranking from 29th to 59th. This decline is driven by an ultra-low birth rate and rapid aging, with the fertility rate far below the replacement level. By 2072, nearly half of the population will be aged 65 or older, placing immense pressure on the working-age population and increasing the dependency ratio. This demographic shift highlights the significant challenges South Korea faces in maintaining economic stability and societal balance.