South Korea's Fertility Rate Expected to Plunge Further
The world's lowest fertility rate is projected to continue its decline, posing economic and national security challenges.
- South Korea's fertility rate, already the world's lowest, is expected to continue falling annually until 2025, reaching an estimated 0.65.
- The country's demographic challenges are worsening, with the latest projections painting a darker picture than forecasts from two years ago.
- Low fertility threatens to undermine South Korea's economic future by shrinking its workforce and slowing consumption.
- The demographic trend also impacts national security by reducing the pool of men available to join the military to counter threats from North Korea.
- The government has implemented measures to encourage more births, but policymakers are now focusing on ways to cope with the aging society.