Earlier quoted context omitted.
No, the population has not "levelled out" in Korea. These dynamics have a pretty long timeline. To give an extreme example, if you, for example, have a city with 10M old people who can't have kids anymore, you can reliably predict the population will be 0 once they pass. The demographic pyramid of South Korea is scary: https://en.wikipedia.org/wiki/Demographics_of_South_Korea#/m... Learn how to read these plots and w…
> There are almost no kids in South Korea. That page says 11% of the population is under 15. Rather like global warming, the question is "what are the old people of today prepared to change in order to avert a problem that only becomes acute after they are dead?"
You need a tax / working base of some size to produce enough stuff. That simply won't be in place when the current kids are adults, and adults or elderly.
Barring robots and AI -- which admittedly looks like a very real possibility now -- the current adults will not have enough working-age people to support them when they're old.
Indeed, the problem is acute only because they won't be dead. We're all counting on our kids to support us when we're old, only now indirectly, via taxes and mechanisms like social security.
If South Korea simply had 1/4 of its current population, everyone would have more space and resources, and things would probably be okay. Property values and economy would contract in absolute terms, but everyone has more stuff.