South Korea's January 2024 birth rate declines 7.7% to a 43-year low due to economic challenges.

South Korea's birth rate declined by 7.7% in January 2024, marking the lowest January figure since 1981. This trend is attributed to economic challenges like high housing costs and unemployment, causing young couples to delay or avoid having children. The country's total fertility rate has reached a record low of 0.72, and the population is projected to decrease to 36.22 million by 2072.

March 27, 2024
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