South Korea's ”working population” to decrease by 10 million in 20 years... ”number of deaths” to be about five times the ”number of births” in 2060

An analysis has revealed that "South Korea's working population (productive population) will decrease by 10 million people in 20 years from now." It also said, "Due to the low birth rate, the number of deaths will increase by 10 million to 10 million by 2060.
The Korean Peninsula Future Population Research Institute published the "2024 Population Report" on the 6th. According to the report, when the total population is listed by age, the middle age group is
The "median age," meaning the age at which people start living alone, will rise from 45.5 years old last year to 50.3 years old in 2031, meaning that half of the population will be over 50 years old.
The number of seven-year-olds, the age for entering primary school, will be halved from 430,000 in 2023 to 220,000 in 2033.
The number of people obligated to serve in the military will also decrease. The number of 20-year-old men eligible for new active duty enlistment will decrease from 260,000 in 2023 to 1 in 2038.
In addition, due to the low birth rate, the productive population aged 15 to 64 will decrease by 9.4 billion yen from 36.73 million in 2023 to 22.17 million in 2044.
The Korea Future Population Institute said, "A decline in the productive population will reduce consumer vitality, leading to the collapse of the domestic market, and will increase the burden of supporting the elderly, causing a rapid slowdown in the pace of economic growth.
"This will result in long-term low growth becoming entrenched," he said. By 2050, the number of people aged 65 and over will reach a record high of 18.91 million, accounting for 40% of the total population.
The number of deaths in 2060 will be 746,000, 4.8 times the number of births (156,000). South Korea's total population will decrease from 51.71 million last year to 39.69 million in 2065,
Lee In-sil, director of the Korean Peninsula Future Population Research Institute, said, "The damage caused by the population decline is a matter that threatens the survival of Korea," and "This is the golden time for population recovery."
"Once this is over, it will take a lot of time and money for our society to return to a stable state."