The South Korean government said on Wednesday (Feb 28) that the birth rate in the nation fell to a record low, even after investing millions and billions of dollars into efforts to encourage women to have more children.&nbsp;

The South Korean government asks families to maintain population stability as the country has one of the world's longest life expectancies and the lowest birth rates.&nbsp;

The report comes amid rising trends of people being more concerned about their career advancement and avoiding the financial burden of raising children. The families are either delaying childbirth or not having babies at all.&nbsp;

Also read:&nbsp;<a href="https://www.wionews.com/world/critical-situation-japans-number-of-births-fell-to-record-low-in-2023-marriages-down-by-59-694545">'Critical situation': Japan's number of births fell to record low in 2023, marriages down by 5.9%</a>&nbsp;

Statistics Korea data showed that the average number of expected babies for a South Korean woman during her reproductive life fell to a record low of 0.72 from 0.78 in 2022.&nbsp;

The current status is far below the rate of 2.1 per woman, which is needed for a steady population. It was even lower than the rate of 1.24 in 2015 when there were less&nbsp;concerns about issues such as the cost of housing and education.&nbsp;

Experts in the country have estimated that at the current rate, the population of 51 million will nearly halve by the year 2100.&nbsp;

Also read:&nbsp;<a href="https://www.wionews.com/business-economy/chinas-country-garden-faces-liquidation-petition-amid-financial-challenges-694643">China's Country Garden faces liquidation petition amid financial challenges</a>&nbsp;

Watch:&nbsp;South Korea empowers nurses as doctors' strike continues&nbsp;

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The government has attempted to tackle the situation as it has spent vast amounts on trying to encourage women to have more babies, offering cash subsidies, babysitting services and support for infertility treatment.&nbsp;

Lim Young-il, who is the head of the Population Census Division at Statistics Korea, said that when data collection began, "The number of newborns, birth rates, and crude birth rates (newborns per 1,000 people) are all at the lowest point since 1970".&nbsp;

South Korea remained the only Organisation for Economic Co-Operation and Development (OECD) member with a rate below 1 since 2018. The average age to give birth is 33.6, the highest in the OECD.&nbsp;

(With inputs from agencies)&nbsp;

The South Korean government said on Wednesday (Feb 28) that the birth rate in the nation fell to a record low, even after investing millions and billions of dollars into efforts to encourage women to have more children.

The South Korean government said on Wednesday (Feb 28) that the birth rate in the nation fell to a record low, even after investing millions and billions of dollars into efforts to encourage women to have more children. The South Korean government asks families to maintain population stability as the country has one of the world's longest life expectancies and the lowest birth rates. The report comes amid rising trends of people being more concerned about their career advancement and avoiding the financial burden of raising children. The families are either delaying childbirth or not having babies at all. Also read: 'Critical situation': Japan's number of births fell to record low in 2023, marriages down by 5.9% Statistics Korea data showed that the average number of expected babies for a South Korean woman during her reproductive life fell to a record low of 0.72 from 0.78 in 2022. The current status is far below the rate of 2.1 per woman, which is needed for a steady population. It was even lower than the rate of 1.24 in 2015 when there were less concerns about issues such as the cost of housing and education. Experts in the country have estimated that at the current rate, the population of 51 million will nearly halve by the year 2100. Also read: China's Country Garden faces liquidation petition amid financial challenges Watch: South Korea empowers nurses as doctors' strike continues × The government has attempted to tackle the situation as it has spent vast amounts on trying to encourage women to have more babies, offering cash subsidies, babysitting services and support for infertility treatment. Lim Young-il, who is the head of the Population Census Division at Statistics Korea, said that when data collection began, "The number of newborns, birth rates, and crude birth rates (newborns per 1,000 people) are all at the lowest point since 1970". South Korea remained the only Organisation for Economic Co-Operation and Development (OECD) member with a rate below 1 since 2018. The average age to give birth is 33.6, the highest in the OECD. (With inputs from agencies)

South Korea’s birth rate falls to record low in 2023, govt data shows

South Korean government said today that some of its towns were facing "crisis of&nbsp;extinction" as the country recorded more deaths than<a href="https://www.wionews.com/world/china-relaxes-two-child-limit-policy-over-concerns-of-aging-population-and-decline-in-birth-rate-338773"> births</a> in 2020 for the first time pointing to a looming demographic disaster.

<a href="https://www.wionews.com/world/technically-perfect-japan-to-fund-ai-matchmaker-to-increase-birth-rate-348313">Also Read:&nbsp;Technically perfect: Japan to fund AI matchmaker to increase birth rate</a>

According to South Korea's interior ministry&nbsp;“the number of newborn babies failed to make up for the number of deaths”.

"In regions with poor economic, medical and educational infrastructure, the crisis of the extinction of such towns is escalating," it added.

The interior ministry informed the country's population had reached 51,829,023 in 2020 which was down 20,838 from 2019. South Korea has the lowest <a href="https://www.wionews.com/world/xinjiang-govt-confirms-birth-rate-drop-but-denies-forced-sterilisation-of-women-329108">fertility</a> rate in the world which reached a low of 0.84 last year.

The annual death of South Korea had alarmingly exceeded deaths for the first time from 275,815 to 307,764.

The government informed that the birth rate was down 10.65 per cent year-on-year. The country recorded 275,815<a href="https://www.wionews.com/world/japans-childbirth-rate-hits-lowest-level-since-records-began-in-1899-270445"> births </a>in 2020 with the death rate going up to 307,764 - an increase of 3.1 per cent.

The population crisis has taken place despite the government spending $166 billion since 2006 to boost birth rates. The government projected that the birth rate in South Korea between 2020-25 is expected to be 297,000 even as birth rate came up short by over 20,000.

The South Korean government had earlier released data which showed that women who believe they need to marry their numbers&nbsp;fell&nbsp;to 44 per cent in 2018 from 62 per cent in 2008.

South Korean government said today that some of its towns were facing "crisis of extinction" as the country recorded more deaths than births in 2020 for the first time pointing to a looming demographic disaster.

South Korean government said today that some of its towns were facing "crisis of extinction" as the country recorded more deaths than births in 2020 for the first time pointing to a looming demographic disaster. Also Read: Technically perfect: Japan to fund AI matchmaker to increase birth rate According to South Korea's interior ministry “the number of newborn babies failed to make up for the number of deaths”. "In regions with poor economic, medical and educational infrastructure, the crisis of the extinction of such towns is escalating," it added. The interior ministry informed the country's population had reached 51,829,023 in 2020 which was down 20,838 from 2019. South Korea has the lowest fertility rate in the world which reached a low of 0.84 last year. The annual death of South Korea had alarmingly exceeded deaths for the first time from 275,815 to 307,764. The government informed that the birth rate was down 10.65 per cent year-on-year. The country recorded 275,815 births in 2020 with the death rate going up to 307,764 - an increase of 3.1 per cent. The population crisis has taken place despite the government spending $166 billion since 2006 to boost birth rates. The government projected that the birth rate in South Korea between 2020-25 is expected to be 297,000 even as birth rate came up short by over 20,000. The South Korean government had earlier released data which showed that women who believe they need to marry their numbers fell to 44 per cent in 2018 from 62 per cent in 2008.

'Crisis of extinction': South Korea's population falls for first time in 2020

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South Korea’s birth rate falls to record low in 2023, govt data shows

'Crisis of extinction': South Korea's population falls for first time in 2020