06/09/2026
[๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐]
๐ฌ๐๐๐๐๐
๐ 4: ๐ป๐๐ ๐ฉ๐๐๐๐๐๐๐ ๐ฒ๐๐๐๐
๐๐ ๐๐ ๐น๐๐๐๐๐๐๐ ๐๐ ๐ฒ๐๐๐๐
South Koreaโs total fertility rate fell to a record low of 0.72 children per woman, ranking last among OECD countries in 2023. Despite extensive government support, including cash incentives, longer parental leave, and housing assistance, the country continues to face a deepening demographic challenge.
Inspired by this pressing issue, the Project Research Seriesโs final episode will explore the economic and social forces behind South Koreaโs declining birth rates and examine whether the current policy responses can create a lasting change.
โOur research focuses on three key factors:
๐ผ ๐๐จ๐ซ๐ค๐ข๐ง๐ ๐๐ฎ๐ฅ๐ญ๐ฎ๐ซ๐
Long working hours and an overtime-driven culture restrict young adults' time for relationships and family.
๐ ๐๐จ๐ฌ๐ญ ๐จ๐ ๐ฅ๐ข๐ฏ๐ข๐ง๐
Limited wage growth despite high housing, education, and childcare costs makes marriage and parenthood increasingly unaffordable.
โ๏ธ ๐๐๐ง๐๐๐ซ ๐ข๐ง๐๐ช๐ฎ๐๐ฅ๐ข๐ญ๐ฒ
Persistent wage disparities, unequal caregiving responsibilities, and motherhood-related career barriers have made professional and financial independence a priority to many women.
Can South Korea secure its demographic future, or are its current policies merely delaying a deeper crisis?
To explore these factors and South Koreaโs policy responses in greater detail, read our full research on LinkedIn: https://lnkd.in/p/gZTfDu83
This research also marks the end of our Project Research Series. Stay tuned for more fresh perspectives and economic insights from RMIT Vietnam Economics Club!
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Special thanks to:
โ๏ธ Author: Hailey Le
๐จ Designers: Tram Ngoc & Lam My
๐ Editor: Khoi Tran
๐๏ธContent writer: Lam Anh
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