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South Korea's fertility rate hits new low; remains last in OECD

Young people reluctant to marry due to lack of quality jobs, housing costs

The number of newborns in South Korea dropped 4.4% to 249,000 in 2022 from a year earlier.  The government is struggling to find ways to get young couples to have more children.   © Reuters

SEOUL -- South Korea's total fertility rate fell to a record low of 0.78 last year, the lowest out of the 38 members of Organization for Economic Cooperation and Development, as young people become increasingly reluctant to marry due to a lack of quality jobs, high housing costs and fierce educational competition.

For every 100 women, 78 babies are expected to be born throughout their lifetimes, down from 81 a year earlier, Statistics Korea announced Wednesday. The number of newborn babies also dropped 4.4% to 249,000 in 2022.

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