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We need to rethink the whole global economy. This "problem" is only an issue in a society that demands forever growth. And shocker alert, the only way to mitigate the short term effects of population decline is immigration!
It is not only an issue due to forever growth. Birthrates are so low in some places (like Japan), that the new generations will just be crushed by the (economic) burden of the older ones.
Older people don't contribute much to the economy, but they spend a lot. It's just how it is. Older people are usually less healthy, and less healthy people eventually consume more resources than they can provide. This burden means that the younger generations will demand change to the government, and that will make retirement either worse or harder to achieve. Which will lead to the old days of working until you drop dead. Or distopian-like situations where old people willingly die to not be a burden, or even worse, they are killed by the government.
And as you say, immigration just fixes the short-term effects. That future is inevitable with birthrates so low. Inmigrants usually adopt to the birthrate of the country very fast.
I read somewhere Korea has a worst birthrate than japan
1.15 in Japan 0.72 in Korea. so yeah.
Both countries have high cost of living and expect women to drop everything and become full time moms and care for their parents and inlaws.
Women for some reason don't find that appealing and decide to not have kids. Many refuse to get married if there partner wants kids.
Even men often don't want children as they are expected to work long hours to support the family.
HCOL is the main reason, china is having that problem now, so they are trying to "fix" it right now, but more like half assing that attempt. the work culture of the asian countries is what did them in, so they are unlikely want to fix that part of it.
some -> a lot
"For some reason" is a common expression indicating the reason is obvious but not stated.