There's a Korean influencer who became huge in Mexico. She was a Korean teacher at a Mexican university, but became famous sharing funny videos about cultural shock. She has also openly talked about how she moved there to heal after suffering from acute burnout in Korea, to the point of wishing death [1].
Through her and some Korean friends, I've got a glimpse at the level of stress around all aspects of life in Korea. Education and work are obvious ones, but there seems to be a lot of stress about many other aspects of life, like money, prestige, and personal appearance.
Interestingly though, I think it's not difficult to see why this is all the case from a macro-economic and geographic standpoint. Korea is effectively an island surrounded on all three sides by relatively unfriendly countries. It's so small, and quite devoid of important resources.
It's biggest asset is by far its population and what they managed to build and sell abroad; phones, cars, chips, appliances, music, TV— if Korea's economy wasn't super-charged like it is now it's easy to imagine it getting lost in the sphere of influence of China, Japan, or finding more trouble via North Korea.
I can only assume all this stress and pressures in life has to do with the low birth rates. Pushing themselves this hard is not without their consequences, it seems.
[1]: https://www.youtube.com/watch?v=re9c54xbQCU