South Korea's Fertility Rate
South Korea's fertility rate rose in 2024 for the first time in nine years, supported by an increase in marriages, showing signs of improvement in the country's demographic crisis.
Key Points
- Fertility rate rose to 0.75 in 2024 from 0.72 in 2023
- Marriages increased by 14.9% in 2024
- South Korea's population expected to shrink significantly by 2072
Pros
- Fertility rate increased in 2024 after 9 years of decline
- Marriages saw a significant jump in 2024, indicating a positive shift in social values
- Efforts to tackle low birth rates seem to be showing some positive results
Cons
- The birth rate in South Korea was the lowest in the world in 2023
- Population naturally shrinking for the fifth consecutive year
- Projected population decline from 51.83 million in 2020 to 36.22 million by 2072