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Monday, January 18, 2021

South Korea Reports Decline in Population Growth

South Korea has reported a decline in population growth for the first time, in the latest data released by authorities on Sunday.

South Korea has reported a decline in population growth for the first time, in the latest data released by authorities on Sunday. 

The Ministry of Interior and Safety has recorded a population of 51, 829,023  in the year 2020, a decrease of 20,838 from 2019.

The ministry reported a birth decline of 10.65 percent compared to the previous year or 275,815 births, while death rate increased by 3.1 percent at 307,764 deaths in 2020.

The ministry said, “Amid the rapidly declining birth rate, the government needs to undertake fundamental changes to its relevant policies.”

Data also showed South Korea’s increasingly aging population with 24 percent of the country’s population aged 60 years old and above. 

This is followed by residents who are in their fifties contributing to 16.7 percent of the population.

The government has been keen on encouraging family life, however data shows the increase in single-person households by 574,000 from the previous year or around 9 million.

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