What is South Korea's current fertility rate?

South Korea's fertility rate rose to 0.748 in 2024, an increase from 0.721.

Why is South Korea's birth rate increasing?

The increase is partly due to a post-pandemic catch-up in delayed marriages and births, along with a larger number of women in their prime childbearing years.

What challenges does South Korea face regarding birth rates?

High living costs, intense educational competition, and societal norms that place a heavy burden of childcare on women are significant challenges.

Home / Business and Economy / South Korea's Birth Rate Ticks Up, But Can It Last?

South Korea's Birth Rate Ticks Up, But Can It Last?

7 Feb

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Summary

South Korea's fertility rate rose to 0.748 in 2024, up from 0.721.
A 17-month streak of year-on-year birth increases reported.
High cost of living and competitive education cited as barriers.

South Korea's Birth Rate Ticks Up, But Can It Last?

South Korea has witnessed a welcome, albeit tentative, rise in its birth rate for 17 consecutive months, a significant shift from its long-standing demographic crisis. The fertility rate climbed to 0.748 in 2024, a notable increase from the previous year's 0.721.

This positive trend is attributed to several factors, including a post-pandemic catch-up in delayed marriages and births. A larger cohort of women in their prime childbearing years also contributes to the uptick.

Government initiatives, such as subsidies and extended parental leave, have played a role in encouraging families. However, deep-rooted issues, including exorbitant living costs and intense educational competition, continue to pose substantial challenges.