Korean Population Forecast to Shrink from 2020

  • Arirang News

    May 21, 2010 11:17

    Korea's population is projected to decline from 2020, turning from a steady rise since the 1950s.

    According to an OECD report, the population in 2020 is expected to decline by 0.02 percent compared to the year before, then shrink by 0.12 percent in 2025 and by 0.25 percent in 2030.

    The government says it is drawing up policies to counter the nation's low birthrate as a population decline can greatly hurt the national competitiveness.

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