Source:
https://scmp.com/news/asia/east-asia/article/2187974/south-koreas-population-crisis-worsens-its-fertility-rate
Asia/ East Asia

South Korea’s population crisis worsens as its fertility rate plummets to record low

  • The number – of children a woman is expected to have – fell below 1.0 for the first time, far below the 2.1 needed to maintain population stability
  • This means South Korea’s population, now 51 million, may start sliding even before 2028, the year Seoul had forecast as the beginning point for its decline
Official data showed that more than 30 per cent of all South Korean women who gave birth last year were 35 or older. Photo: Alamy

South Korea’s fertility rate hit another record low last year, government data showed Wednesday, falling to less than one for the first time despite a raft of measures to try to reverse a birth rate among the world’s lowest.

The country’s fertility rate – the number of children a woman is expected to have in her lifetime – fell to 0.98 in 2018, far short of the 2.1 needed to maintain population stability.

“It is the first time that the figure has dropped below one since Seoul started collecting data in 1970,” Statistics Korea said in a statement.

This means the population of the world’s 11th largest economy, currently 51 million, may start sliding before 2028, the year Seoul had forecast as the beginning point for its decline.

The 2017 figure of 1.05 was also a record low.

Most South Koreans associate child-rearing with marriage, but put off getting wed to prioritise higher education and career. Photo: EPA
Most South Koreans associate child-rearing with marriage, but put off getting wed to prioritise higher education and career. Photo: EPA

The South Korean government has spent a whopping 135 trillion won (US$120 billion) since 2005 in a desperate attempt to boost the birth rate, providing child subsidies to parents and launching campaigns to encourage young Koreans to wed and have children, without success.

Many experts cite reasons ranging from the expense of child-rearing, high youth unemployment and the added burden for working mothers of carrying out the brunt of household chores and childcare.

Others believe South Korea’s notoriously competitive society, including its punishing education system and job market, are key factors.

“I think bringing another child to this world is a sin,” a 34-year-old Korean woman, who did not wish to be named, told AFP.

“This [Korean] society is just way too competitive. I don’t think it’s right for any child to go through this system.”

Most South Koreans associate child-rearing with marriage, but put off getting wed to prioritise higher education and career.

A bride yawns in a mass wedding ceremony in Gapyeong, South Korea. Photo: AP
A bride yawns in a mass wedding ceremony in Gapyeong, South Korea. Photo: AP

The country has one of the world’s lowest out-of-wedlock birth rates – 1.9 per cent as of 2017 – whereas other developed nations, including France and Norway, had birth rates among unmarried couples at 55 per cent or higher.

Wednesday’s data showed that more than 30 per cent of all South Korean women who gave birth last year were 35 or older.

In 1998, new mothers in that age group accounted for only 6.2 per cent.

Meanwhile, over-65s are expected to make up 25 per cent of the population by 2030 – a phenomenon dubbed the “silver tsunami”.