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Korean labor force to shrink by 10 million by 2044: report
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[AtoZ Korean Mind] Does your job define who you are? Should it?
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Doggy patrol team on the move to protect their cities
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S. Korea's working-age population to dip nearly 10m by 2044 amid low births
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The forecast by 15 securities companies and think tanks is lower than a growth outlook of 3.6 percent offered by the International Monetary Fund in October.
The Finance Ministry projected Korea’s economy to grow at 4 percent, while major foreign investment banks on average expected a 3.1 percent growth rate.
Analysts said the think tanks estimated the bearish outlook because the global economy will not likely recover easily next year amid sluggish domestic consumption.
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Articles by Korea Herald
