"South Korea's Declining Fertility Rate Sparks $75,000 Bonus Incentive for Workers"

1 min read
Source: Al Jazeera English
"South Korea's Declining Fertility Rate Sparks $75,000 Bonus Incentive for Workers"
Photo: Al Jazeera English
TL;DR

South Korea's fertility rate, already the lowest in the world, has dropped further, sparking fears of a halving population by 2100. The government has spent billions to reverse the trend, but challenges around work culture, gender relations, and financial burdens deter couples from having children. With the average number of babies per woman falling to 0.72, well below the 2.1 needed for population maintenance, the country faces a potential "national extinction" crisis. Similar issues are also affecting neighboring countries like China and Japan.

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