It's going to become acute well before. It's more like the tragedy of the commons.
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.
To portray it as an existential problem for South Korea - I'd focus on their next-door neighbor. Elderly folks might be of limited utility when the (North) Korean People's Army marched in. And the South's cyber-defenses might well prove inadequate, to keep their drones and robo-soldiers functioning properly.
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.