South Korea's Fertility Rate Hits New Record Low
The nation grapples with a deepening demographic crisis as economic pressures and societal expectations deter women from having children.
- South Korea's fertility rate has plummeted to a record low of 0.72, signaling a persistent decline in birth rates.
- Economic growth, societal pressures, and the high cost of raising children are major factors contributing to the decline in fertility rates across East Asia.
- Government efforts to reverse the trend, including financial incentives and support for child-rearing, have largely been unsuccessful.
- The trend reflects broader changes in attitudes towards marriage, childbearing, and gender roles, with many women prioritizing careers over family.
- Experts suggest that addressing gender equality and providing better support for women could help mitigate the fertility crisis.