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Quarter of labor force in Korea to vanish by 2044: report

Quarter of labor force in Korea to vanish by 2044: report
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S. Korea's working-age population to dip nearly 10m by 2044 amid low births

South Korea's economically active population is anticipated to plunge nearly 10 million by 2044 amid the country's critically low births, data showed Monday. The number of people aged 15 to 64, which stood at 36.57 million in 2023, is projected to decrease to 27.17 million in 2044, according to a report from the Korean Peninsula Population Institute for the Future. The report also showed the number of eleme.

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South Korea's working-age population to dip nearly 10 million by 2044 as country grapples with population crisis

South Korea's working-age population to dip nearly 10 million by 2044 as country grapples with population crisis
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S. Korea's working-age population to dip nearly 10 mln by 2044 amid low births – The Korea Times

S. Korea's working-age population to dip nearly 10 mln by 2044 amid low births – The Korea Times
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WATCH: Korean construction company offers R1.4 million baby bonus

WATCH: Korean construction company offers R1.4 million baby bonus
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This company is paying its workers €70,000 per baby to encourage them to have children

This company is paying its workers €70,000 per baby to encourage them to have children
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1 in 5 elementary schools has less than 60 students amid low birthrate

One in five elementary schools across the country has less than 60 students, while one in 10 has less than 30 students, amid the continually falling birthrate, according to statistics released by the Korean Educational Development Institute, Monday.

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Stern warning for Korea Inc.

Three major global credit ratings agencies have all come to the same appallingly dismal conclusion regarding the future of Korea Inc. They forecast that Korea will face its worst economic situation by 2050, as a result of its rapid demographic aging.

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