In 2025, the total population of South Korea is projected to be around ***** million. In thirty years, the number of people aged 15 to 64 is estimated to decrease by one-third, while the number of older adults is anticipated to more than double. Additionally, the overall population is expected to decline by around *** million people by that time. Declining birth rate Several factors are contributing to the expected demographic changes in South Korea. Firstly, the birth rate has been declining for years. As of 2024, South Korea had the lowest fertility rate in the world. This trend continues despite the efforts of successive governments to encourage young people to have children. An increasing number of South Korean women are prioritizing their careers, often choosing to focus on work rather than starting a family at a young age. While the employment rate for South Korean women is still lower than that of men, it has steadily risen over the past decade. Increase in life expectancy Secondly, life expectancy in South Korea has steadily increased due to improved living standards and healthcare. The average life expectancy at birth for South Koreans has risen from less than 75 years to almost 83 years over the past twenty years. As a result, the proportion of people aged 65 and older has grown from less than ** percent to around ** percent in the last decade.

In 2024, the population of South Korea was estimated to be about ***** million. The population of North Korea was approximately ***** million, which is roughly half the population of South Korea. Economic comparison between South and North Korea Following the Korean War (1950-1953), South Korea and North Korea pursued vastly different trajectories, both politically and economically. South Korea embraced capitalism and free market principles, which fueled its rapid economic growth and transformed it into one of the world's leading economies. In contrast, North Korea adopted a state-controlled, centrally planned economy, leading to isolation and economic stagnation. While South Korea's gross domestic product (GDP) reached around ***** trillion South Korean won in 2023, only about ** trillion won was recorded for North Korea. Food crisis in North Korea North Korea has faced food insecurity for a long time, and this has been exacerbated in the aftermath of the COVID-19 pandemic. It was estimated that the country had a food shortage of around ******* metric tons in 2023. Although the North Korean government maintains a centrally planned economic system, food distribution has long been a problem, as an increasing number of North Korean defectors have reported that they have never received food from North Korean authorities.

In South Korea, approximately 70.69 percent of the population was between 15 and 64 years old in 2023, while those above the age of 64 made up around 18.34 percent. The youngest generation made up an even smaller percentage than the elderly, but were the only group that did not increase in size over the last decade, partly due to a decrease in births since 2007. Reasons for fewer children While it is not always the case that family sizes shrink when there are less births per woman, the fertility rate in South Korea is undisputably decreasing overall and less children are born. The reasons people cite for having fewer children vary greatly by gender and marital status in South Korea: For example, more married people than singles - and of those more married women than men - say that the difficulty of maintaining a work life balance is the largest concern for them. Meanwhile, men express more economic concerns about child support, and notably more singles nowadays say they feel no need to have children.

In 2024, the share of the population in Taiwan aged 65 and older accounted for approximately 19.2 percent of the total population. While the share of old people on the island increased gradually over recent years, the percentage of the working-age population and the children have both declined. Taiwan’s aging population With one of the lowest fertility rates in the world and a steadily growing life expectancy, the average age of Taiwan’s population is increasing quickly, and the share of people aged 65 and above is expected to reach around 38.4 percent of the total population in 2050. This development is also reflected in Taiwan’s population pyramid, which shows that the size of the youngest age group is only half of the size of age groups between 40 and 60 years. The rapid aging of the populations puts a heavy burden on the social insurance system. Old-age dependency is expected to reach more than 70 percent by 2050, meaning that by then three people of working age will have to support two elders, compared to only one elder supported by four working people today. Aging societies in East Asia Today, many countries in East Asia have very low fertility rates and face the challenges of aging societies. This is especially true among those countries that experienced high economic growth in the past, which often resulted in quickly receding birth rates. Japan was one of the first East Asian countries witnessing this demographic change, as is reflected in its high median age. South Korea had the lowest fertility rate of all Asian countries in recent years, and with China, one of the largest populations on earth joined the ranks of quickly aging societies.