The South Korean economy is facing slow growth on the back of an aging population and other factors. Some South Korean companies are recalling overseas production, which they once sought in China and other Asian countries with lower wages, while high student loans are lowering the quality of life for Korean youth.
Six South Korean think tank researchers examined various aspects of the country's economy in a symposium "South Korean Economy, Industry and Companies under Global Economy," organized by the Keizai Koho Center in Tokyo on April 17.
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