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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Most of the economy is owned by a few corporations (like Samsung). If you are not part of the families that own that corporations then you have little to no future. So, people is extremely stressed (The TV show Squid Game is Korean and reflects in an artistic way how they feel).
To add to that, Koreans are very conservative. Once a woman is married and has children is supposed to stay at home, stay pretty and take care of her husband. Many women prefer just to not have children and have a live instead. And men also want to avoid the pressure of having to have to work for two people.
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