South Korea: $200 billion spent on efforts to boost population, but where are the babies?
South Korea has broken its own record for the world's lowest fertility rate. Official figures released in November put the number of children a South Korean woman will have in her lifetime at just 0.79. As per OECD, for a country to ensure a stable population, the optimum fertility rate per woman must stand at 2.1 children in a lifetime. However, for South Korea, the number stands at not even half of the recommended rate. This presents challenges for the country, which faces a looming labour shortage to support its pension system and an ageing population.
Source: wionews.com