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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Very bad. Humans are capital in the form of labour, so losing the resupply is a detriment to the national economy. It’s made worse by the fact that the retirement of elderly people is partially or entirely paid by payroll taxes on the income of younger people, so you need enough young people to finance pensions or the whole system falls apart.
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