South Korea enters era of consistent workforce decline (Chosun/24 Feb 2025)

The Chosun Daily reports that South Korea's workforce is shrinking, with up to 60,000 fewer jobs projected this year. The boost from the early 1990s birth cohort is fading, while the much smaller early 2000s generation enters the job market. Key industries, especially manufacturing, face instability as younger workers dwindle. Experts warn that worsening labor shortages could slow economic growth, urging policies to reintegrate workers sidelined by caregiving.