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South Korea’s Fertility Rate
March 5 , 2024
135 days
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- South Korea's fertility rate, already the world's lowest, continued its dramatic decline in 2023.
- 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.
- The previous projections estimate that this will fall even further, to 0.68 in 2024.
- 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.
- South Korea also has the worst gender pay gap in the OECD.
- The Korean women bring home about two-thirds of the income than men.
- Also, in neighbouring China and Japan, fertility rates hit record lows of 1.09 and 1.26 respectively in 2022.
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