South Korea population decline

South Korea’s Births Rise: Fastest Growth in 34 Years, but Long-Term Concerns Remain

South Korea witnessed its largest increase in births in 34 years in April, with an 8.7% rise from the previous year, reaching 20,717 births. This increase, the first time births surpassed 20,000 in three years, is attributed to a rise in marriages, a growing population of women in their early 30s, and government initiatives promoting childbirth. While the total fertility rate also increased, the country still experienced a natural population decline due to more deaths than births, and the number of divorces decreased.

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South Korea’s Dying Population: A Crisis of Cost and Competition

South Korea has officially become a “super-aged society,” with 20 percent of its population now aged 65 or older, a milestone driven by a plummeting birth rate. This demographic shift, coupled with the world’s lowest fertility rate, presents significant economic challenges and has prompted the government to implement various measures, including new parental leave policies and tax breaks. Experts emphasize the urgent need for systemic reforms, such as extending the retirement age, to address the impending workforce shortage. Projections indicate that this elderly population will continue to grow dramatically in the coming decades.

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