Panic ensues as South Korea’s death rate surpasses its birth rate

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In the near future, health care demands from the South Korean People are imminent

 

To show the steady decline in birth rate from South Korea
A depressingly robust look at the falling fertility rate of South Korea (Qsdfty1st is licensed under CC BY-SA 4.0)

A large fall in birth rate in South Korea in 2020 drops the total birth rate below that of the rate of death in South Korea, creating a potential population crisis in the process.

275,800 infants were born in South Korea in 2020, which is a stark ten percent decrease as compared to the previous year of 2019. Most alarmingly, 307,764 people died that very same year, thus leaving a large gap between death and birth in the country. 

South Korea has long held the lowest fertility rate in the world, and it has been decreasing for years. This year was the first in which the death rate surpassed it, however. This new reality puts a number of new pressures on the country as a collective.

There will be an increase in demand for more suitable healthcare, elderly care, and the declining youth population could potentially lead to an extended labour crisis, which opens the floodgates for untold financial collapse given enough time to fester.

The addition of Covid-19 does little to quell the panic of this statistical crisis, and what the future holds for South Korea is very much up to interpretation.