S. Korea records world's lowest fertility rate at mere 0.78
Korea registered 191,700 marriages last year, the lowest tally on record
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Korea registered 191,700 marriages last year, the lowest tally on record
A study of 2,000 Koreans in their 20s through early 40s found only 13.7% of unwed men felt the same
The financial burden of raising children is the biggest cause behind the country’s continually falling birthrate, with almost all people aged between 20 and 44, the age group mostly marrying and having children, feeling pressure about it, a survey by a state-run institute showed, Tuesday.
The company announced that it will grant a substantial cash reward to its employees upon the birth of each child.
Korea's current population of around 51.6 million is expected to decline significantly to 36.2 million by 2072 amid the critically low birth rates, a statistics report showed Thursday.