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02 Sep
08:18

Korea’s ageing population limits steel demand

Korea’s demographic shift could impact steel demand in a similar way to that seen in Japan over the last 20 years, according to a research report from the Posco Research Institute (Posri). Korea’s first annual decline in the working age population in 2017 will negatively impact a wide range of sectors from construction to automotive and white goods, Kallanish notes. The working age population, those between their 30s and 50s, are also the l…
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