The population of South Korea: a rich country on the verge of extinction

The population of South Korea (the official name of the Republic of Korea) is approximately 50 million people. The area is a little more than 100 square kilometers. Thus, the population of South Korea has a density of more than 500 people per square kilometer.

south korea population

Compare with Russia

The territory of the Asian country is 171 times smaller than the Russian Federation. The population of South Korea is 2.85 times smaller. Nominally, Koreans are richer than Russians more than 3 times (data before the crises and devaluations of 2014-2015).

Fertility problems

As is known from the experience of the developed countries of Europe and the USA, the wealth of the population leads to a decrease in the birth rate. This fate befell the Asian economic giant. Fertility has been fixed for many years below 1.20 per woman. One of the worst indicators in the world. If the situation does not change in the coming years, then the population of South Korea may decline to 20 million by the end of this century. Experts predict complete extinction while maintaining such a birth rate by the middle of the 28th century. Only a few countries in the world have lower rates - these are Singapore, Hong Kong, Taiwan, Macau.

population of south korea

Economic characteristics of the country

South Korea is an industrial leader in the Asian region with a developed IT industry. Unlike countries rich in natural resources, it does not have natural resources. This forces the development of non-resource sectors: tourism, banking, information technology, electronics, automotive, alternative energy sources.

Diligence and zeal are the features of Korean culture. Only recently has official labor legislation passed to an 8-hour day with a 5-day work week. Prior to this, a 6-day working week with a 10-hour working day was allowed and universally applied under the law. Until now, many enterprises operate on precisely this schedule. The authorities are not particularly struggling for compliance with the labor regime. The level of competition in the workplace makes you give all the best for 100 percent.

In this country, they study until 24-28 years. Moreover, each step (and there are many) is accompanied by qualification exams and selections. After studies, competition only intensifies in enterprises. A long training path is associated with high requirements of employers. South Korea is a leader in digital communications technology.

This is one of the few Asian countries in which the role of the state has been modified. Almost all political and economic levers of influence are held by large industrial corporations. The population of South Korea is not subject to state interests, as, for example, in the DPRK and many other Asian countries. Here, on the contrary, Western thinking and mentality. The state should help and take care of society.

The most unloved professions are police and civil servants. The first in the consciousness of the South Koreans are associated with the Japanese occupation. The second - due to low wages compared to other areas. A policeman is a hated overseer in the eyes of ordinary Koreans. The internal affairs officers themselves do not feel endowed with a special power that can be abused. In society, requirements are dictated by laws, not police, as in some other states.

south korea GDP per capita

Economic indicators

The South Korean population counter and system of calculating economic indicators determined the state of the economy. This country is one of the leading developed countries not only in the Asian region, but in the world.

South Korea GDP per capita has more than 36 thousand US dollars at purchasing power parity for 2015. At the same time, inflation and unemployment do not reach 3%. She is one of the 15 most developed countries in the world for this indicator.

south korea population counter

The economy of the country over the 20th century underwent a series of transformations; it constantly changed the vectors of its development. After World War II, emphasis was placed on agricultural production. In the 50-60s. emphasis began to be placed on light industry and consumer goods. In the 70-80s. heavy industry developed. Today, the economy of this country is dominated by the service sector and highly intelligent production, developing robotics and alternative energy sources.

Thus, we can conclude that the population of South Korea is decreasing every year, and in economic terms, the country adapts to the needs of the world market and tries to occupy leading positions.


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