South Korea have been recording 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 per cent from 2019. Around 307,764 people died.
The figures prompted the Interior Ministry to call for “fundamental changes” to its policies.
A declining population puts immense strain on a country.
Last month, president Moon Jae-In launched several policies aimed at addressing the low birth rate, including cash incentives for families Under the scheme, from 2022, every child born will receive a cash bonus of 2 million won ($1,850) to help cover prenatal expenses, on top of a monthly pay out of 300,000 won handed out until the baby turns one. The incentive will increase to 500,000 won every month from 2025.
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