Also in several counties and cities, and some parts of Busan and Seoul the fertility rates have reached 0.30 children per woman (And still falling quickly nationwide). How bad and severe this is for SK?
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People age.
Old people retire, no longer pay as much tax and require more healthcare.
Young people need to be around to support the aging population.
With a declining birth-rate and low net migration the government ends up spending a larger proportion of a smaller tax income on care for the elderly.
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