These villages are located in the south that are backed by hills and give strong protection from winter winds. Since 1960, the pace of urbanization in South Korea has hit a considerable decline in population of rural areas and the traditional rural lifestyle has been slowly fading away. Fertility In the past 20 years, South Korea has recorded some of the lowest fertility and marriage levels in the world. As of 2020, it is the country with the world's lowest total fertility rate - 0.84. Seoul has a TFR of 0.64, probably the lowest level anywhere in the world. Aging population South Korea faces the problem of a rapidly aging population. In fact, the speed of aging in Korea is unprecedented in human history, 18 years to double aging population from 7 – 14% (fewest years), overtaking even Japan. Statistics support this observation, the percentage of elderly aged 65 and above, has sharply risen from 3.3% in 1955 to 10.7% in 2009. The shape of its population has changed from a pyramid in the 1990s, with more young people and fewer old people, to a diamond shape in 2010, with less young people and a large proportion of middle-age individuals. There are several implications and issues associated with an aging population. A rapidly aging population is likely to have several negative implications on the labour force. In particular, experts predict that this might lead to a shrinking of the labour force. As an increasing proportion of people enter their 50s and 60s, they either choose to retire or are forced to retire by their companies. As such, there would be a decrease in the percentage of economically active people in the population. Also, with rapid aging, it is highly likely that there would be an imbalance in the young-old percentage of the workforce. This might lead to a lack of vibrancy and innovation in the labour force, since it is helmed mainly by the middle-age workers. Data shows that while there are fewer young people in society, the percentage of economically active population, made up of people ages 15 – 64, has gone up by 20% from 55.5% to 72.5%. This shows that the labour force is indeed largely made up of middle-aged workers. A possible consequence might be that South Korea would be a less attractive candidate for investment. Investors might decide to relocate to countries like Vietnam, where