Today’s topic on :- South Korea + Awareness +Population + Country + People
|| Article By Amit Kumar [www.mydatawords.com ] | Updated on January 04, 2021 ||
Hi friends today’s about topic South Korea Population has fallen….. [ in the different point of view in shortly what happened ] Awareness…..
South Korea Population has fallen…..South Korea broke its own record for the world’s lowest fertility rate, adding to a list of challenges for a government already grappling with slowing economic growth and a spreading coronavirus outbreak.South Korean women now have fewer than one child on average The trend threatens Korea’s economic growth, well-being terms of Trade is a daily newsletter that untangles a world threatened by trade wars. South Korean women last year were projected to have an average of 0.92 children over their lifetimes, far less than the 2.1 required to maintain a stable population, according to the office reported. The number of babies fell 7.3% in 2019 from the previous year, with the birth rate plummeting among women in their late 20s, the agency said. South Koreans are choosing to have fewer babies….[….]…..
The working-age population probably peaked at 38 million in 2018 and is set to fall by more than half by 2067, according to the report of Korea. Growing numbers of retired South Koreans are also straining a pension system many see as inadequate. South Korea Shatters Record for World’s Lowest Fertility Rate and also lack of children is driving down South Korea’s potential growth rate, as the workforce shrinks and an expanding proportion of older employees takes a toll on productivity.
Bank of Korea Governor Lee Ju-yeol last month said the countries falling birth rate is one of its most vexing economic hurdles.
The country’s fertility rate was 0.98 in 2018, already the lowest in the world according to a comparison with numbers available from the World Bank and the Organization for Economic Cooperation and Development. Japan and Italy have rates of about 1.4 and 1.3 respectively, the latest data shows that . And a lack of good jobs is the big reason that young people are choosing to have fewer babies according to sung Tae-yoon, an economics professor at to the and the economy is not growing as fast as it used to and the rigid wage system that rewards employees for seniority seek employers …The interior ministry’s report released Sunday also showed households getting smaller, shrinking to an average of just 2.24 people living alone now account for close to 40% of the total suggesting that the focus of welfare and housing policies need to change…[….]….I want to mentioned here other points because a certain role is also played by the suspicion towards any outsider that was formed in Korea over the course of approximately one and a half thousand years, when it really was the most mono-ethnic society in the world and in the In the last 10–20 years South Korea can be expressed as a term catastrophe ever, as it is slowly evolving along with any demographic catastrophe.[ in different point of view ]….
South Korea’s population declined in 2020 for the first time on record as births dropped to a historic low amid the pandemic.the population fell by about 21,000 to 51.8 million according to the Ministry of interior and safety the number of south Korean births slid 11% compared with the previous year likely driving down what is already the worlds lowest national fertility rate. South Korean policy makers for years have had little success trying to boost birth rates by subsidizing pay during childcare leave and proving free nurseries. GDP has fallen by a worse than expected 2.9% in year on year terms the steepest decline since 1998. Exports, which nearly 40 % of the economy were the biggest drag as they fell by the most since 1963.However, analysts and policymakers are looking at the prospect of a recovery that would be faster than those of its regional peers…[…]….
South Korea’s population has fallen for the first time in the country’s history. Data reported by Yonhap showed the country recorded 275,815 births in 2020, compared with 307,764. As it battles an ageing population and chronically low birth rate.
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