Reported 8 months ago
South Korea, known for having the lowest fertility rate globally, has entered a 'population emergency' as President Yoon Suk-yeol declared to prevent a possible population extinction. With the continuous decline in the labor youth population, it is projected that by 2050, the GDP will drop by nearly 3% and 13% of homes will be abandoned. President Yoon vowed to overcome the low birth rate issue, emphasizing the urgent need to address challenges in work, family, and housing to boost fertility rates.
Source: YAHOO