society
Posted2024.05.06 10:23 Modified2024.05.06 10:36
“Population Report 2024” from the Future Population Research Institute of the Korean Peninsula
“Korea’s population will plummet to 30 million by 2065.”
A neonatal unit at a public postpartum care center in Seoul / Photo = Reporter Beomjun Kim A study has shown that half of the Korean population will be over 50 years old by 2065. The working-age population, which forms the basis main driver of economic growth, will decrease by approximately 10 million in 20 years.
According to the “Population Report 2024” released on the 6th by the Future Population Research Institute of the Korean Peninsula, the median age, which refers to the age of the person in the center when the entire population is organized by age, will increase from 45.5 years from last year to 50.3 years in 2031. . This means that half of the population is over 50 years old. Korea’s total population is projected to decline from 51.71 million last year to 39.69 million in 2065. As a result, the working-age population (15 to 64 years old) is projected to decline by about 10 million in 20 years (36.57 million last year → 27.17 million in 2044).
The researcher diagnosed that “a decline in the working-age population will reduce the vitality of consumption, leading to the collapse of the domestic market, and increase the burden of supporting the elderly, leading to a rapid slowdown in economic growth and long-term consolidation low long-term growth.”
The number of 7-year-olds entering elementary school will halve, from 430,000 last year to 220,000 in 2033, and the number of 20-year-old men eligible for new active-duty military service will plummet by 260,000 a year lasted to 190,000 in 2048. . By 2050, there will be 18.91 million people aged 65 or older, accounting for 40% of the total population. It’s the greatest ever.
By 2060, the number of deaths will be 746,000, which is 4.8 times the number of births (156,000). The researcher predicted that the population would naturally decline by 590,000.
Lee In-sil, director of the Future Population Research Institute of the Korean Peninsula, said: “The disaster caused by population decline is a matter that depends on the existence of the Republic of Korea,” and stressed: “Once the golden moment has come for the population. The recovery will pass, it will take a lot of time and money for our society to return to a stable state”.
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