Yes, social conditions in South Korea are dreadful in many ways and yes, these conditions are definitely influencing South Koreans' decisions on whether to have children, or marry. But not marrying and not having children is not suicide, neither for the individual nor the society.
The Black Death is estimated to have reduced the size of Europe's population by 30% to 60% in the 14th century. After that extreme population shrinkage life improved dramatically for the ordinary people. People were more valued than they had been before. Shrinkage of a population can be healthy and, as it improves conditions for those who come after, will go into reverse at a certain point.