South Korea birth rate squeezed by entrance exam pressures: central bank

Bank of Korea urges reform of college admissions to ease burden on families

20240827N Korean school bus

Children wait for a school bus in Seoul's Gangnam district. Parents with means are flocking to areas with strong educational opportunities, driving up property prices there. (Photo by Kotaro Hosokawa)

JUNNOSUKE KOBARA, Nikkei staff writer

SEOUL -- The Bank of Korea on Tuesday called for an overhaul in South Korea's hypercompetitive university entrance exam, linking it to the rapid decline in the country's birth rate and the concentration of people in Seoul.

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