Key insights

• 📉 South Korea is facing a drastic decline in population due to record-low birth rates, leading to a projected median age of 59 by 2100. The country will become a nation of seniors, posing severe consequences for its economy, workforce, and social welfare systems.
• 🌆 Seoul's urbanization has led to overcrowding and pressure on infrastructure and resources, resulting in high living costs and a declining birth rate. Development of a new city, Seong, aims to address these demographic challenges and encourage family settlement.
• 🌳 Se Jong, South Korea's planned city, is designed to focus on automation, green spaces, family living, and a generous social welfare system, leading to positive outcomes such as a higher birth rate and a sustainable environment.
• ⚠️ Despite significant investments in social programs to encourage higher birth rates, South Korea has been unable to reverse the fertility crisis, leading to challenges for its workforce, economy, and social welfare systems.
• 🏙️ The success of the new capital city, Seong, is crucial for addressing Korea's demographic crisis, but it faces challenges like government employees not relocating, lack of culture, and transportation infrastructure.

Q&A

• What are the current challenges facing the new capital city Seong despite having high birth rates?

  Seong faces challenges such as government employee reluctance to relocate, lack of cultural amenities, and inadequate transportation infrastructure, crucial factors for the city's success in addressing Korea's demographic crisis.

• How is Se Jong, South Korea's planned city, designed to address challenges related to population decline?

  Se Jong is designed for automation, green spaces, and family living, with an emphasis on housing affordability, positive social welfare systems, and government incentives for child care, aiming to combat the declining birth rates.

• What are the challenges and implications of the population crisis for South Korea?

  The plummeting birth rates and projected median age of 59 by 2100 will lead to the nation facing severe economic, workforce, and social welfare challenges as it becomes a nation of seniors.

• How does the government plan to address the population decline in South Korea?

  The government plans to build a new family-oriented city called Seong to mitigate the population crisis. This city aims to alleviate the strain on urban areas like Seoul and encourage family settlement.

• What is the main reason for South Korea's population decline?

  South Korea's population decline is primarily due to a record-low fertility rate, currently at 0.72, well below the replacement level required to sustain the population.

• 00:00 Despite being an economic powerhouse, South Korea is facing a severe population decline with its fertility rate far below the replacement level. The government plans to build a new family-oriented city, Seong, to address the crisis.
• 03:13 Career happiness and impact, free career guide, South Korea's economic and demographic transition, declining fertility rates
• 06:14 South Korea is facing a drastic decline in population due to record-low birth rates, leading to a projected median age of 59 by 2100. The country will become a nation of seniors, posing severe consequences for its economy, workforce, and social welfare systems.
• 09:27 Seoul's urbanization has led to overcrowding, high living costs, and a declining birth rate. In response, South Korea is developing a new city, Seong, to alleviate the strain on Seoul and encourage family settlement.
• 12:33 Se Jong, South Korea's planned city, is designed for automation, green spaces, and family living. Its urban planning and social welfare system have led to positive outcomes, including a higher birth rate.
• 15:46 Despite high birth rates, the new capital city Seong faces challenges with government employees not relocating, lack of culture and transportation infrastructure. The city's success is crucial for addressing Korea's demographic crisis.