Pet Strollers Outsell Baby Carriages in South Korea
The shift underscores the nation's demographic crisis and evolving societal priorities.
- South Korea's fertility rate hit a record low of 0.78 in 2022 and is projected to fall further.
- In 2023, 57% of strollers sold on Gmarket were for pets, reflecting a significant rise in pet ownership.
- Government incentives and policies have so far struggled to reverse the declining birth rate.
- High living costs and shifting cultural norms deter young South Koreans from marriage and parenthood.
- South Korea's demographic crisis mirrors similar trends in other East Asian countries like Japan and China.