South Korea Shocked As Decade Long Population Decline Reverses
South Korea's birthrate, the world's lowest, increased in 2024 for the first time in nine years as policies encouraging companies and citizens to embrace parenthood began showing results. The country had experienced a plummeting birthrate over the past decade as women chose career advancement over marriage and having children, driven by rising housing costs and child-rearing expenses. This trend put the nation of 51 million on a path toward halving its population by century's end. In 2024, South Korea's fertility rate rose to 0.75 children per woman from 0.72 in 2023, breaking an eight-year decline from 1.24 in 2015. According to Statistics Korea, the crude birthrateโbabies born per 1,000 peopleโreached 4.7, interrupting a downward trend that began in 2014. The increase reflected more marriages following pandemic delays and government policies supporting work-family balance, childcare, and housing. "Social values shifted toward […]