South Korea Birth Rate

247WallSt article  that discusses the severe fertility rate decline in East Asia, particularly in South Korea, which has the lowest rate at 0.7 births per woman. It highlights the limited success of government measures to encourage childbirth due to high living costs, long work hours, and inadequate housing. It also suggests alternative approaches like actually embracing population decline, automation, and immigration to manage the economic impact and predicted labor shortages.

Nikkei  reports that South Korea's population grew by 0.2% last year, reaching 51.77 million, marking the first increase in three years. This growth was primarily due to a 10.4% rise in foreign residents, totaling 1.93 million and accounting for 3.7% of the population, despite the country's ongoing low birth rate.

Asahi reports that a South Korean delegation visited Tokyo based Itochu Corp to study its workplace reforms that have increased the company's fertility rate. These reforms, such as a "morning-focused working system" banning work after 8 p.m., have inspired South Korean officials to consider similar reforms to tackle their country's low birth rate and promote women's workforce participation.

An article discussing how South Korea's record-low fertility rates are rooted in gender issues, with leaders advocating for cultural changes to address sexism and gender inequality, noting that economic incentives alone are insufficient.

Business Insider reports that Asian countries like Japan and South Korea are facing declining birth rates, with South Korea's rate at a record low of 0.72 births per woman in 2023. In response, cities like Seoul are implementing unconventional measures, such as offering financial incentives for reversing vasectomies and developing dating apps. However, experts argue that these initiatives may not address the underlying societal issues, such as high living costs and career pressures, that deter young people from starting families.

The OECD has urged  South Korea to prioritize addressing its record-low fertility rate of 0.7, which threatens long-term economic growth. The OECD recommends improving work-life balance, reducing the gender gap, supporting working parents, and attracting skilled migrant workers to enhance the labor market. Additionally, boosting productivity in SMEs and improving energy efficiency are crucial for sustainable growth and meeting emissions targets.

The Star article claims  that in response to South Korea's low birth rate, more hotels and resorts are adopting adults-only policies, targeting childless couples and solo travelers to create a more serene atmosphere. This trend, while catering to specific customer preferences, raises concerns about inclusivity and discrimination against families with children. However experts note that businesses have the right to choose their policies but warn that a growing focus on exclusivity may lead to a less tolerant society.