Research on the Factors Contributing to Low Fertility in South Korea

In 2023, South Korea had a fertility rate of 0.8831, the lowest in the world. Compared to most other east Asian countries, Korea recovered from the Second World War relatively earlier and is home to some of the most influential companies in the world today. Therefore, while other east Asian countries are in the industrial stage characterized by moderate to high rates of population growth, Korea is already a post-industrial society, marked by low population growth. This paper aims to identify the contributing factors to South Koreas low fertility rate by examining previous surveys completed by Koreans, interviews done with Koreans, and statistics about the Korean economy and society. These surveys, interviews, and statistics show the current economic, social, and cultural characteristics of the country and the flaws in them that lead to low fertility rate. The first significant factor related to the low fertility rate in South Korea is the high economic uncertainty due to rising living costs. Many Koreans struggle to achieve financial independence and move out of their parents homes, which is a barrier to starting a family. The second factor is the rising number of women obtaining higher levels of education and subsequently entering the workforce. The last factor is the practice of neo-Confucianism beliefs that are patriarchal in nature. Therefore, the proposed solution is that the Korean government should focus on changing current social and cultural beliefs to minimize the conflict between family and work for Korean women.