Demographics of Korea
The demographics of Korea consist of population density, ethnicity, religious affiliation and other indicators such as economic well-being. Korea's population reached 130 million and has surpassed 134 million people. Since the 2000s, Korea has been struggling with a low birthrate. A possible consequence might be that Korea would be a less attractive candidate for investment. Investors might decide to relocate to countries like Vietnam and China, where there is an abundance of cheaper, younger labour. If employers were to choose to maintain operations in Korea, there is a possibility that they might incur higher costs in retraining or upgrading the skills of this group of middle-age workers.
Rapid urban growth has brought familiar problems to developed and developing countries alike. The construction of large numbers of high-rise apartment complexes in Seoul and other large cities alleviated housing shortages to some extent. But it also imposed hardship on the tens of thousands of people who were obliged to relocate from their old neighborhoods because they could not afford the rents in the new buildings. In the late 1980s, squatter areas consisting of one-story shacks still existed in some parts of Seoul. Housing for all but the wealthiest was generally cramped. 86.3% of Korea's population is urban.