South Korea’s Ministry of Administration and Security stated on the 3rd that an analysis of last year’s household registration and demographic statistics showed that the number of newborns in South Korea in 2024 will exceed 240,000, a year-on-year increase of 7,295, or 3.1%.

South Korea has always had the lowest fertility rate in the world, and has increased childbirth subsidies in recent years:

❶In addition to various direct subsidies of approximately US$20,000 before the age of 7.

❷The child care subsidy is US$270 per month.

❸High school is free.

❹Paid maternity leave is also subsidized to reduce the burden on enterprises.

❺The monthly subsidy for families with children under 2 years old is US$680-1,360.

❻Provide dedicated residences for multiple children, etc.

Some people believe that the number of births in the registered population has increased for the first time in nine years, which may mean a turning point in the demographic structure of South Korea, which is facing a low fertility crisis.