The Smartest Investors Club
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

The Smartest Investors Club

World

South Korea’s birth rate rose for the first time in 9 years. Is the world’s lowest fertility rate on the rebound?

by February 26, 2025
February 26, 2025
South Korea’s birth rate rose for the first time in 9 years. Is the world’s lowest fertility rate on the rebound?

South Korea’s fertility rate rose in 2024 for the first time in nine years, supported by an increase in marriages, preliminary data showed on Wednesday, in a sign that the country’s demographic crisis might have turned a corner.

The country’s fertility rate, the average number of babies a woman is expected to have during her reproductive life, stood at 0.75 in 2024, according to Statistics Korea.

In 2023, the birthrate fell for the eighth consecutive year to 0.72, the lowest in the world, from 1.24 in 2015, raising concerns over the economic shock to society from such a rapid pace.

Since 2018, South Korea has been the only member of the Organisation for Economic Co-Operation and Development (OECD) with a rate below 1.

South Korea has rolled out various measures to encourage young people to get married and have children, after now impeached President Yoon Suk Yeol declared a “national demographic crisis” and a plan to create a new ministry devoted to tackling low birth rates.

“There was a change in social value, with more positive views about marriage and childbirth,” Park Hyun-jung, an official at Statistics Korea, told a briefing, also citing the impact of a rise in the number of people in their early 30s and pandemic delays.

“It is difficult to measure how much each factor contributed to the rise in new births, but they themselves had an impact on each other too,” Park said.

Marriages, a leading indicator of new births, jumped 14.9% in 2024, the biggest spike since the data started being released in 1970. Marriages turned up for the first time in 11 years in 2023 with a 1.0% increase powered by a post-pandemic boost.

In the Asian country, there is a high correlation between marriages and births, with a time lag of one or two years, as marriage is often seen as a prerequisite to having children.

Across the country, the birthrate last year was the lowest in the capital, Seoul, at 0.58.

The latest data showed there were 120,000 more people who died last year than those who were newly born, marking the fifth consecutive year of the population naturally shrinking. The administrative city of Sejong was the only major centre where population grew.

South Korea’s population, which hit a peak of 51.83 million in 2020, is expected to shrink to 36.22 million by 2072, according to the latest projection by the statistics agency.

This post appeared first on cnn.com
0
FacebookTwitterGoogle +Pinterest
previous post
‘You need a bath after the bath’: World’s largest religious gathering wraps up after 600 million devotees take holy dip
next post
‘I was really shocked’: Body placed next to passenger on Qatar Airways flight

You may also like

Israeli security cabinet approves Lebanon ceasefire deal, official...

What happens when nature and cities collide

Israel has resumed the war in Gaza. Why...

‘Odie’ lunar mission takes off, aiming for historic...

Netanyahu says he’s trying everything to get more...

Finland to exit landmines treaty and hike defense...

‘I kissed her but she wouldn’t wake up.’...

South Korean actor Kim Sae-ron dead at 24

Israeli soldiers raid and order closure of Al...

Kate goes back to work, days after cancer...

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • US Policy Momentum, Clinical Progress Fueling Psychedelics Market in 2025

    • China has spent billions developing military tech. Conflict between India and Pakistan could be its first major test

    • NorthStar Gaming Announces Receipt of Management Cease Trade Order

    • Department of Justice opens criminal investigation into NY AG Letitia James

    • Brunswick Exploration Announces Brokered Private Placement for Gross Proceeds of up to C$2.5 Million, with a Lead Order from a Strategic Investor

    Categories

    • Business (1,633)
    • Investing (4,791)
    • Politics (7,535)
    • World (6,125)
    • Terms & Conditions
    • Privacy Policy
    • About us

    Disclaimer: thesmartestinvestorsclub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 thesmartestinvestorsclub.com | All Rights Reserved


    Back To Top