4min chapter

Economics Explained cover image

Is South Korea’s Economic Bubble About to Burst?

Economics Explained

CHAPTER

Challenges of South Korea's Aging Population and Unique Housing Market

This chapter explores the challenges facing South Korea's economy, including the issues of an aging population and the unique housing market. It discusses the burden on the younger generations, cultural opposition to migrant workers, the 'chonse' housing system, and the potential risks of declining property prices.

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