Research Cluster

Democracy Cluster Future of Science and Technology Cluster Economic Security Cluster Population Cluster Global Korea Cluster Carbon Neutrality Cluster Balanced Regional Growth and Resilience Cluster [Expired]Pandemic Cluster

TF Project

[Expired]Foundational study for the advanced revision of the Korea-U.S. nuclear cooperation agreement [Expired]Preparation for Four Geopolitical Risks [Expired]Labor market reform tasks for restoring the dynamism of the Korean economy [Expired]Problems and Improvement Plans of Korean Education [Expired]Questions for the future of science and technology in Korea [Expired]Security and Economic Cooperation between Korea and Japan [Expired]The future of population for a sustainable society [Expired]Directions for sustainable future healthcare reform [Expired]Healthcare system improvements for the establishment of the primary care physician system [Expired]Avian influenza pandemic risk assessment and preparedness [Expired]The stagnant growth crisis: national strategy for economic prosperity

 

[Expired]Research on the outlook for key sectors of population change and response strategies [Expired]Exploring the public education system and its functions in population decline era [Expired]Policy advisory service for enhancing the future competitiveness of nuclear energy [Expired]Establishment of KEPCO's medium-to-long-term response strategy [Expired]Future agricultural and rural development strategies & response tasks for the Korea rural community [Expired]Rewriting Democracy [Expired]In the Era of Technological Competition, Korea's Future Prospects [Expired]Developing a nationally-unified response system to address frauds involving multiple victims [Expired]Changes in international politics and the rise of the global south [Expired]Research on identifying policy agendas and research issues for the national AI strategy

Publications

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Title IFS Issue Brief 2024 Dec. Vol. 14 Hit 406
Publication 2024-12-09

Institute for Future Strategy Issue Brief, December 2024, Vol. 14
“Population Decline and the Future of Manufacturing”

This issue brief presents in-depth expertise and insights on the impact of youth population decline on manufacturing and strategies for future response. Korea is experiencing a sharp decrease in its youth population due to persistently low birth rates, and this demographic shift poses a significant threat to the competitiveness of key national industries such as manufacturing.

In particular, given the heavy reliance of general manufacturing on low-grade, low-skilled foreign labor and middle-aged workers, there is a pressing need for the creation of innovative and scarce technologies in manufacturing and research and development (R&D).

Accordingly, this issue brief proposes the active attraction and cultivation of young talent from both domestic and international sources, and sets out policy directions for manufacturing and R&D innovation to lead the global value chain.

Keywords
Decline of youth population, manufacturing competitiveness, attraction and cultivation of young talent, R&D innovation, global value chain

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