It is well documented that South Korea is headed for a population decline which, coupled with an aging population, is expected to detrimentally effect its economy and military.

But North Korea’s population is also facing a slide which, while not as precipitous, should exacerbate economic difficulties, undermine its current military strategy – based on sheer volume of conscripted personnel – and potentially make it more desperate.

The question of how these governments react and prepare for these changes will have serious implications for the balance of power on the Korean Peninsula – and potentially beyond.

A MUTUAL DECLINE

Between now