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South Korea's falling birth rate is worrisome


Key points from article :

South Korea recorded more deaths than births in 2020 for the first time ever.

Raising fresh alarm in the country which already has the world's lowest birth rate.

Only 275,800 babies were born last year - down 10% from 2019.

Prompted the interior ministry to call for "fundamental changes" to its policies.

A declining population puts immense strain on a country.

Increased pressure on public spending as demand for healthcare systems and pensions rise.

Declining youth population also leads to labour shortages that have a direct impact on the economy.

South Korea's employment policies are not conducive to women who want to have children.

Women struggle to achieve a balance between work and other life demands.

Soaring real estate prices are another major issue.

A declining population is detrimental to the country's economy