Koreans have far fewer children than in the past, with the average birth rate is 1.41 children per person, between 2000 to 2005 (after the United Nations Population Fund), putting Korea 26th in the world, the birth rate. With a declining population and rising young old population, despite the possible problems with the pension fund for the older Koreans, the long-term future looks healthy. With a shortage of young people into the labor market, the problem of the diploma --Employment is eventually removed by natural resources and enterprises will gradually need to retain older workers, as a graduate numbers are less. The knowledge and experience of older women, entrepreneurs and businesses will probably make no harm. Much like in the UK, pension funds is a problem in the government, with concern about enough to cover state pensions in the future.
Reports in the European media of Korea, reflecting positive thoughts about the future economic growth. Koreansitself can sometimes about the future and Korean media sometimes seems to reflect this pessimism. Concern, for example, that have a crisis as the IMF crisis will happen again, or that problems will affect the American economy in the future, the Korean economy is understandable. However, Korea has risen from the ashes to become one of the major economies in Asia and there seems no reason why they do not remain strong.
My concern is that the two Koreas to dofinally unite again (as I am sure they will) at some point, a huge monetary burden will be placed on the south. South Korea has tried to discuss the issue and an attempt was sent in the last 8 years on certain types of aid items to the north of the border, that is for agricultural use, in order to improve the living standards and to try to bring the level closer to the north on in the south. Such questions have been addressed and most of the students told me that if it means re-unification of Korea,then they would not mind the economic burden.
It was an expression I heard a few times in Korea and if it is true, many people in Korea is probably still a bit happy, brought about a financial crisis. It is an interesting expression.
"If the Korean economy is falling, the fashion for short skirts goes up"
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