CAUSE
One question. One truth.
“Why is South Korea's birth rate so low?”
Soaring housing prices, especially in Seoul, drive South Korea's high cost of living, creating financial barriers for young couples that deter marriage and childbearing despite government incentives and rising marriage rates.
High confidenceStructural
CURRENT STATE
This results in a sustained low fertility rate, with a record low of 0.72 in 2023, rising to only 0.80 by 2025. Young adults face economic strain from $801 monthly child-rearing costs, leading to delayed childbirth.
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