South Korea has the world’s lowest fertility rate, which means that the average number of children a woman is expected to have in her lifetime is far below the level needed to maintain a stable population. According to the latest data from Statistics Korea, the fertility rate in South Korea fell to a record low of 0.72 in 2023, down from 0.78 in 2022.
This is well below the replacement rate of 2.1, which is the minimum required to prevent population decline. The low fertility rate has serious implications for South Korea’s economy and security, as it leads to a shrinking and aging population, a declining workforce, and a rising dependency ratio.
There are various factors that contribute to the low fertility rate in South Korea, such as social, economic, and cultural changes. Some of the main causes are:
The low fertility rate in South Korea has serious consequences for the country’s economy and security, such as:
Shrinking and aging population: The low fertility rate leads to a decline in the total population and an increase in the proportion of elderly people. According to the UN projections, South Korea’s population will peak at 51.7 million in 2028, and then drop to 39.3 million by 2060. The share of people aged 65 and over will rise from 15.7% in 2020 to 46.5% by 2060.
On September 29, 2024, Earth will experience an amazing astronomical occurrence as a new "mini-moon" visits our planet momentarily for…
The choice of Singapore to apply flexible work schedules (FWA) represents a major change in its work culture to fit…
As Vietnam gets ready to install ten new underwater cables by 2030, the United States is pushing Vietnam to rethink…
Recently unearthed information on North Korea's nuclear bomb manufacturing has heightened world worries over Supreme Leader Kim Jong Un's possible…
Prime Minister Fumio Kishida formally said that Japan will start negotiations for an economic partnership deal with the United Arab…
Chinese government media has boldly aired a documentary series depicting what a full-scale invasion of Taiwan by China may look…
This website uses cookies.
Read More