How the South Korean experience mirrors Japan’s

„There is a saying in South Korea that Japan is a mirror image of South Korea 10-20 years from now due to similar economic, cultural and social structure. Economically, South Korea is following the prolonged 20 years recession that has engulfed Japan since the 1990s. Demographically, South Korea also has a rapidly aging society, a phenomenon which has already prompted Japan to look at immigration and ways to raise fertility rates through welfare policies. Will Korea follow a similar path?“ (…)