December 2024 Recap *HAPPY NEW YEAR*
December 2024 brought significant developments in South Korea's demographic landscape, with notable policy initiatives and shifts in societal attitudes aimed at addressing the nation's low birth rate and aging population.
Key Highlights:
Housing Support for Newborns: The government increased the priority supply rate for newlywed couples with newborns in private housing from 20% to 35%, reallocating resources to support families with young children.
Record Low Birth Rate: South Korea's birth rate reached an all-time low, prompting experts to warn of potential population halving by 2100, with economic and social systems at risk.
Acceptance of Nonmarital Childbirth: Support for nonmarital childbirth nearly doubled since 2008, with 37% now in favor, particularly among younger generations, indicating evolving societal norms.
Super-Aged Society Status: South Korea entered the "super-aged society" category ahead of predictions, with 20% of its population now aged 65 or older, highlighting the need for comprehensive policy responses.
Enhanced Birth Rate Indicators: The National Statistical Office introduced 61 new indicators to better understand and address the low birth rate, incorporating advanced data analytics to inform policy decisions.
Shifting Attitudes Toward Parenthood: A survey revealed that over half of Koreans are open to not having children, reflecting changing perspectives on family life amid economic and societal pressures.