The demographic collapse of South Korea, and to a lesser extent Japan, is due mainly to imposition of liberalism by the Empire that occupies them (China is in better shape). The West looks on in dismay because it senses South Korea is the canary in the coalmine: Liberalism kills. pic.twitter.com/ZcU6IYk2hy
Hopefully this ends up being a sustainable increase:
The number of babies born in South Korea increased for the first time in nine years in 2024, driven by a post-pandemic rise in marriages, evolving attitudes toward parenthood and demographic changes, the statistics agency said Wednesday.
A total of 238,300 babies were born last year, up 3.6 percent from a record low of 230,000 in 2023, according to Statistics Korea. The figure had been declining since 2015, when it stood at 438,400.
The total fertility rate, the average number of children a woman is expected to have in her lifetime, also rebounded for the first time in nine years, reaching 0.75 in 2024, up from 0.72 tallied a year earlier.
Maybe the Korean government’s focus on trying the raise the national birth rate might be having some success if this small statistical is an indication of things to come:
The number of babies born in South Korea rose for the first time in more than eight years in the second quarter of 2024, data showed Wednesday, as the country is grappling with its ultralow birth rate.
A total of 56,838 babies were born in the April-June period, up 1.2 percent from a year earlier, according to the data compiled by Statistics Korea.
It was the first time since the fourth quarter of 2015, when the number went up 0.6 percent.
I had said before that the Filipina caregivers will likely be hired by people who already have caregivers in order to save money. It appears that is what is happening:
Nearly four out of 10 households in Seoul that will hire Filipino caregivers starting in September are located in the affluent southern parts of the capital, according to the Seoul Metropolitan Government, Wednesday.
The hiring of Filipino caregivers by parents in affluent areas under the government’s pilot program aimed at addressing the nation’s low birthrate suggests the initiative may not fully meet its expectations. This trend indicates that the program, intended to offer affordable support through foreign caregivers, might not be effectively reaching all parents as initially hoped.
You can read more at the link, but something I did not anticipate is that people hiring these Filipina caregivers are also using them as in-house English teachers for their kids.
Here is the life most young South Korean couples have:
Korea’s newlywed couples were burdened with record-high amounts of debt last year while having the least number of babies in history. The number of married couples also decreased by 6.3 percent to 1.03 million in 2022 compared to the previous year, according to Statistics Korea on Monday.
The statistics agency polled the country’s newlyweds whose marriage registration is less than five years old as of November last year.
The median debt for respondents came to 164.2 million won ($124,600), up 7.3 percentage points from a year ago, with 89 percent of the surveyed couples in debt.
More newlyweds in Korea are falling into the category of DINK (Dual Income No Kid). The majority, or 57.2 percent, of the newlyweds have a dual income, up 2.3 percentage points on year.
The proportion of dual-income households is on the decline with many females quitting their jobs to concentrate on child-rearing.
The average income of dual-income couples stood at 84.3 million won compared to a single-income household with 49.9 million won.
As for children, 46.4 percent of the surveyed couples had no child, marking the highest rate since the data was collected.
You can read more at the link, but racking up records amount of debt before having kids is a sure way to keep the birth rate low because kids will greatly add to expenses. If the Korean government can find ways to relieve the debt crisis they will likely solve the birth rate crisis at the same time.
From a national security perspective this is not good news because it means a smaller population of young men to conscript to defend the country. Hopefully North Korea, China, and Russia are not even greater threats than they are now in the next 30 years towards the ROK:
The number of young South Koreans is forecast to halve in 30 years amid a rapid aging trend and a record low birthrate, the statistics agency said Monday.
The number of people aged 19-34 came to 10.21 million in 2020, and the figure is forecast to tumble to 5.21 million in 2050, according to the analysis by Statistics Korea.
The proportion of the young population out of the country’s total came to 20.4 percent in 2020, but it is expected to fall to 11 percent in 2050, it added.
The number of young people has been on a steady decline over the past decades from 13.85 million in 1990, accounting for 31.9 percent of the total, to 12.88 million in 2000, 10.97 million in 2010 and 10.21 million in 2020.
That is what this Bloomberg article is calling for:
Back in Seoul, officials appear more focused on addressing a cyclical slowdown than the broader shift in economic and social life. The Bank of Korea is on its way to zero interest rates and fiscal taps are being opened to buttress slowing activity. Yet only policies that create more people have a prayer.
That’s why immigration has to be part of the solution. Foreigners make up about 3.7% of South Korea’s population, according to an OECD report in January. While that’s low by global standards, the good news is that this proportion is growing fast. During a recent cross-country trip, I noticed that few of the servers at restaurants were local. Vietnamese, Chinese and South Asians took orders and whisked food to tables. “Without foreigners, work won’t get done,” Lee, the shop owner, explained. “Korean young people won’t do it; the few that are left here don’t want to do physical work.”
Many immigrants work in manufacturing, construction and retail, filling gaps left by aging locals. The risk is that foreigners get hemmed into low-paying jobs. Korea has attracted a lot of students from abroad in the past decade, but only 15% of graduates remain. More needs to be done to retain this talent.