Structural reforms essential to revive South Korea's dwindling growth (Chosun/21 Oct 2024)

The Chosun Daily editorial emphasizes that South Korea’s declining growth potential is closely linked to its extremely low birth rate, alongside an aging population. While demographic changes are unavoidable, the editorial argues that addressing the birth rate issue is critical to reversing the country’s economic slowdown. Structural reforms, such as boosting workforce participation, improving education, and fostering innovation, are necessary to combat the long-term effects of the declining birth rate.