Yonhap Infomax NewsSouth Korea’s workforce is projected to begin a sustained decline from 2030, with the Bank of Korea warning total employment could fall to 90% of current levels by 2050, posing risks to GDP and welfare as aging accelerates and labor force participation rates drop.
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https://en.infomaxai.com/news/articleView.html?idxno=67861
#YonhapInfomax #BankOfKorea #Employment #LaborForceParticipation #GDP #AgingPopulation #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=67861
Bank of Korea Warns Employment to Decline from 2030—Total Workforce May Fall to 90% of Current Level by 2050
South Korea’s workforce is projected to begin a sustained decline from 2030, with the Bank of Korea warning total employment could fall to 90% of current levels by 2050, posing risks to GDP and welfare as aging accelerates and labor force participation rates drop.