Sun, 21 Apr 2024 Today's Paper

World’s lowest fertility rate plunges again in 2023 in South Korea

28 February 2024 02:17 pm - 3     - {{hitsCtrl.values.hits}}

A A A

SEOUL, Feb 28 (Reuters) - South Korea's fertility rate, already the world's lowest, continued its dramatic decline in 2023, as women concerned about their career advancement and the financial cost of raising children decided to delay childbirth or to not have babies.

The average number of expected babies for a South Korean woman during her reproductive life fell to a record low of 0.72 from 0.78 in 2022, data from Statistics Korea showed on Wednesday.

That is far below the rate of 2.1 per woman needed for a steady population and well behind the rate of 1.24 in 2015 when concerns about issues such as the cost of housing and education were lower.

Since 2018, South Korea has been the only Organisation for Economic Co-Operation and Development (OECD) member with a rate below 1, defying the billions of dollars spent by the country to try to reverse the trend that led the population to decline for a fourth straight year in 2023.

South Korea also has the worst gender pay gap in the OECD, as Korean women bring home about two-thirds of the income then men.

"Women typically can't build on their experience to climb higher at workplaces because they are often...the only one doing the childcare (and) often need to rejoin the workforce after extended leaves," said Jung Jae-hoon, a professor at Seoul Women's University.

"Having a baby is on my list, but there's windows for promotions and I don't want to be passed over," said Gwak Tae-hee, 34, a junior manager at a Korean dairy product maker who has been married for three years.

Gwak had considered starting in vitro fertilisation (IVF) treatment last year to try to have a baby, but ended up volunteering for work projects to improve her career prospects.

"I don't know about elsewhere but working two or three days a week doesn't get you anywhere in Korean companies. I hope it's not too late when I try next year or the year after," Gwak said.

South Korea's demographic crisis has become the top risk to economic growth and the social welfare system, with the country's population of 51 million on track to halve by the end of this century.


Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

  Comments - 3

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka
  • MirakRajBanda Wednesday, 28 February 2024 02:25 PM

    We could have sent Rajapkse Senior to South Korea way back in 1930s or 40's. Sri Lanka, too, would have been a prosperous country by now.

    ceylonese Wednesday, 28 February 2024 05:20 PM

    I can change it if I am sent to South Korea.

    Dee Wednesday, 28 February 2024 05:32 PM

    Can’t they do the same in Developing Countries? Unproductive population keeps increasing and is hampering development!


Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka