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7 in 10 companies believe Korea's low birthrate will trigger economic crisis: poll

Dearth of minerals

LS Eco Energy aims to double sales by 2030

LS Eco Energy, an Asia-focused subsidiary of LS Cable & System, has identified submarine cables and rare-earth elements as the new growth engine for future business as the company aims to more than double its annual sales by 2030. “For the next 15 years and beyond, large electricity demand will continue across the world,” said Lee Sang-ho, CEO of LS Eco Energy, in a press conference held Tuesday at th.

Dearth of minerals

Korea faces a significant challenge in securing a stable supply of core minerals essential for the Fourth Industrial Revolution. According to an analysis by Standard & Poor s (S&P), Korea owned just 36 key mineral mines in 2022. This number pales in comparison to China and the United States, which have 1,992 and 1,976 mines respectively, and even falls short of Japan s 134 mines.

7 in 10 companies believe South Korea's low birthrate will trigger economic crisis: poll

More than six out of 10 young Koreans believe that having children after marriage is not necessary, as concerns mount over the country s declining birthrate..