South Korea is Collapsing Faster Than Any Nation in History
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South Korea became one of the world’s greatest economic success stories. Its technology, cars, and cultural exports conquered global markets. But behind that success, a growing number of young people are struggling to afford the lives they were promised. This video explores how South Korea’s economic miracle created a deeply competitive society. After the 1997 financial crisis, job insecurity increased, while powerful conglomerates continued to dominate the economy. Families now spend heavily on private education, young workers compete for a limited number of secure jobs, and housing in Seoul remains out of reach for many. The pressure extends into family life. Long working hours, expensive childcare, and career penalties associated with motherhood make having children increasingly difficult. Meanwhile, loneliness and burnout are becoming serious social concerns. South Korea’s fertility rate fell to a record low of 0.72 in 2023, and decades of government spending have struggled to re
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