Posted Apr 2, 2023, 12:36 PMUpdated on Apr 2, 2023, 3:43 PM
By the mid-2000s, South Korea’s fertility rate had fallen to 1.2 children per woman. Panicked, the authorities then sounded the alarm and deployed several financial support measures for families. Over the past fifteen years, the country has spent 280,000 billion won, or 200 billion euros, in this major national campaign to recover the number of births.
They will have been useless. Last year, the fertility rate fell further in the country to fall to… 0.78. This is now the lowest rate on the planet.