Why Koreans don’t Want to Have Children? South Korea’s Fertility Rate Hits Record Low
South Korea, the country with the lowest fertility rate in the world for many years, has seen its fertility rate drop to 0.72 in 2023, far lower than the basic fertility rate of 2.1 required to stabilize the population structure. The number of newborns dropped by 7.7% throughout the year. The fertility rate in the fourth quarter of last year fell to a new record low of 0.65. The number of newborns was 3,905 fewer than in the same period in 2022.