Wall Street Wizardry
  • Business
  • World News
  • Politics
  • Investing
  • Business
  • World News
  • Politics
  • Investing

Wall Street Wizardry

World News

South Korea’s birth rate rose for the first time in 9 years. Is the world’s lowest fertility rate on the rebound?

by admin February 26, 2025
February 26, 2025
South Korea’s birth rate rose for the first time in 9 years. Is the world’s lowest fertility rate on the rebound?

South Korea’s fertility rate rose in 2024 for the first time in nine years, supported by an increase in marriages, preliminary data showed on Wednesday, in a sign that the country’s demographic crisis might have turned a corner.

The country’s fertility rate, the average number of babies a woman is expected to have during her reproductive life, stood at 0.75 in 2024, according to Statistics Korea.

In 2023, the birthrate fell for the eighth consecutive year to 0.72, the lowest in the world, from 1.24 in 2015, raising concerns over the economic shock to society from such a rapid pace.

Since 2018, South Korea has been the only member of the Organisation for Economic Co-Operation and Development (OECD) with a rate below 1.

South Korea has rolled out various measures to encourage young people to get married and have children, after now impeached President Yoon Suk Yeol declared a “national demographic crisis” and a plan to create a new ministry devoted to tackling low birth rates.

“There was a change in social value, with more positive views about marriage and childbirth,” Park Hyun-jung, an official at Statistics Korea, told a briefing, also citing the impact of a rise in the number of people in their early 30s and pandemic delays.

“It is difficult to measure how much each factor contributed to the rise in new births, but they themselves had an impact on each other too,” Park said.

Marriages, a leading indicator of new births, jumped 14.9% in 2024, the biggest spike since the data started being released in 1970. Marriages turned up for the first time in 11 years in 2023 with a 1.0% increase powered by a post-pandemic boost.

In the Asian country, there is a high correlation between marriages and births, with a time lag of one or two years, as marriage is often seen as a prerequisite to having children.

Across the country, the birthrate last year was the lowest in the capital, Seoul, at 0.58.

The latest data showed there were 120,000 more people who died last year than those who were newly born, marking the fifth consecutive year of the population naturally shrinking. The administrative city of Sejong was the only major centre where population grew.

South Korea’s population, which hit a peak of 51.83 million in 2020, is expected to shrink to 36.22 million by 2072, according to the latest projection by the statistics agency.

This post appeared first on cnn.com

previous post
Israel and Hamas agree on new exchange as fragile Gaza ceasefire appears intact
next post
US and Ukraine agree terms on natural resources and reconstruction deal: Ukrainian official

Related Posts

Germany is holding a national election. Here’s what’s...

February 22, 2025

No doctors for sick children. This is the...

February 12, 2025

Sudan accuses UAE of ‘support and complicity’ in...

April 11, 2025

South Sudan to admit man deported by US...

April 9, 2025

Rubio says he is putting ‘Americas, first’ but...

March 31, 2025

‘I was really shocked’: Body placed next to...

February 26, 2025

South Korea top court reinstates prime minister suspended...

March 24, 2025

Trump and Zelensky hold war talks inside St....

April 26, 2025

Elon Musk is causing trouble in Europe. What’s...

January 23, 2025

Trump wants China to play a role in...

February 12, 2025

    Join our mailing list to get access to special deals, promotions, and insider information. Your exclusive benefits await! Enjoy personalized recommendations, first dibs on sales, and members-only content that makes you feel like a true VIP. Sign up now and start saving!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Editors’ Picks

    • 1

      Financial Agreement signed releasing $2M grant

      January 23, 2025
    • 2

      Netflix shares soar as company reports surging revenue, tops 300 million subscribers

      January 23, 2025
    • 3

      US security contractor will take charge of key checkpoint in Gaza as Israeli forces withdraw

      January 25, 2025
    • 4

      Trump re-designates Iranian-backed Houthis as terrorists: ‘Threaten[s] security of American civilians’

      January 23, 2025
    • 5

      Cyclopharm Signs US Agreement with HCA Healthcare for Technegas®

      January 23, 2025
    • 6

      FDA officially authorizes Zyn nicotine pouches for sale following health review

      January 23, 2025
    • 7

      Universal’s ‘Wicked: For Good’ creates a unique marketing challenge

      January 26, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Disclaimer: wallstreetwizardry.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 wallstreetwizardry.com | All Rights Reserved