South Korea births surge to fastest rate in a generation

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"South Korea Sees Significant Birthrate Increase Amid Ongoing Fertility Crisis"

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In April, South Korea experienced a significant surge in its birthrate, marking the fastest growth in over three decades, as official data indicated that 20,717 babies were born, representing an 8.7% increase compared to the same month the previous year. This increase reflects a positive trend that has persisted for ten consecutive months, attributed largely to a rise in marriages, an increase in the population of women in their early 30s, and various government initiatives aimed at promoting childbirth. Notably, April saw 18,921 couples marry, which is a 4.9% rise year-on-year, underscoring the strong link between marriage and childbirth in South Korea, where a significant majority of children are born to married couples. The demographic shift may also be influenced by the so-called "echo boomers," a large cohort born between 1991 and 1995 who are now entering their prime years for marriage and childbearing.

Despite these encouraging figures, experts and officials express caution regarding the sustainability of this upward trend. South Korea's total fertility rate remains critically low at 0.75, far beneath the 2.1 rate necessary for population stability without immigration. A recent United Nations report categorized South Korea as experiencing "ultra-low fertility," with a bleak outlook for recovery within the next three decades. In response to this demographic crisis, the new administration under President Lee Jae Myung has proposed a range of financial incentives to encourage childbirth, including substantial loans for newlywed couples and expanded child allowances. However, experts like economist Hong Sok-chul argue that while these financial measures may alleviate some costs associated with marriage and parenting, they may not be sufficient to address the deeper structural social issues contributing to the declining birthrate. Ultimately, a comprehensive approach that tackles the underlying causes of demographic decline may be necessary to achieve a meaningful reversal in South Korea's fertility trends.

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South Korea’s birthrate surged at its fastest pace in more than three decades in April, offering tentative signs of recovery in a country grappling with the world’s lowest fertility rate, official data showed.

The number of babies born in April reached 20,717, marking an 8.7% increase from the same month last year and the steepest monthly growth since April 1991, according toStatistics Korea.

The increase extends a positive trend that began last year, with births rising for10 consecutive months.

“The rise in births appears to be influenced by increased marriages since last year, growth in the population of women in their early 30s, and various birth promotion policies,” a Statistics Korea officialsaid.

April saw 18,921 couples marry, a 4.9% increase year-on-year and the 13th consecutive month of marriage growth.

South Korea’s strong correlation between marriage and childbirth, with few children born outside marriage, tends to make wedding figures a key indicator for future birth trends.

The so-called “echo boomers” might also be contributing. The large cohort born between 1991 and 1995 is now aged 29-34 and entering prime marriage and childbearing years. Data shows that women aged 30-34 increased from 1.51 million in 2020 to 1.65 million in May this year.

However, officialsremain cautiousabout the sustainability of the trend. The country’s total fertility rate – or the average number of babies a woman is expected to have in her lifetime –remains at a crisis level of 0.75, well below the 2.1 needed to maintain population stability without large-scale immigration.

A recent United Nationsreportclassified South Korea among nations experiencing “ultra-low fertility”, calculating a 0.1% probability that the country will recover to sustainable birthrates within three decades.

In recent years,authoritiesat all levels and evenlarge corporationshave launched aggressive campaigns to reverse the demographic decline, ranging from generous cash handouts todating programmes.

Experts attribute South Korea’s demographic crisis to a variety of factors, including soaring housing costs, intense educational competition, demanding work culture, and changing attitudes towards marriage and family life among younger generations.

Women are also increasingly delaying or forgoing childbirth due to career concerns and the burden of traditional gender roles.

President Lee Jae Myung,elected last month, has made demographic recovery a cornerstone of his new administration.

Hisproposalsinclude providing all newlywed couples with 100m won (£53,800) loans with debt forgiveness based on the number of children born,expanding child allowancesto age 18, and implementingfamily-friendly tax reformsmodelled on France’s family quotient system, which lowers taxes for families by adjusting for the number of children in the household.

Experts have questioned whether financial incentives alone can reverse the demographic decline.

Hong Sok-chul, an economist at Seoul National University,told local mediathat while the government’s policies appeared aimed at reducing costs related to marriage and childbearing, he had doubts about whether this would lead to a birthrate rebound.

“There needs to be effort to solve structural social problems,” he said.

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Source: The Guardian