> After the lump passes through South Koreans will look around and see a lack of traffic congestion, abundance of housing, lack of competitors for their now abundant resources, and lack of disproportionately large population of unproductive elderly dependents.

It will take 90 years for this lump to pass, and another 20 years for the newborns to grow up... you're talking about a recovery that will take a century...

A century of decline seems like a pretty good reason to panic to me...