Depopulation is set to occur in South Korea from 2028, as positive net migration is no longer able to counteract negative natural change. With amongst the lowest fertility rates and most elevated life expectancy globally, South Korea’s population will age rapidly up to 2030 by which time a quarter of the population will be aged 65 or over. Urban population will continue to expand up to 2030 with Suwon being the fastest growing major city.
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