Loading ...South Korea has so few babies it is offering new parents $10,500
South Korean parents are being showered with cash, but experts say money alone will not fix the country’s fertility woes.
With the world’s lowest birth rate, South Korea faces a looming demographic and economic disaster. In 2022, the average number of babies expected per South Korean woman dropped to 0.78, down from the previous record low of 0.81 the previous year.
The replacement rate in developed countries – the number of births needed to keep the population stable – is typically about 2.1.