South Korean Population To Shrink Over 30%

Seoul: South Korea is projected to see its population drop significantly over the next 50 years, and its global population ranking fall by 30 notches over the ultra-low birth rate and rapid ageing, according to a report on Monday.

The country's population is projected to reach 36 million in 2072, down 30.8 per cent from this year's 52 million. Data from Statistics Korea showed that the country’s population peaked in 2020 and has been on a decline, Yonhap news agency reported.

The world population, however, is forecast to continue to rise during the cited period to reach 10.22 billion in 2072, compared with an estimated 8.16 billion this year.