If you search online the country with the world's lowest birthrate, the answer would be South Korea, and it has been for the past few years.
For the 18th month in a row, South Korea recorded more deaths than births in April, and despite billions of dollars injected to raise the plunging rates, the figures are only dipping lower.
For an analysis on the impact of Korea's shrinking population and viable solutions, George LEESON, Professorial Fellow at Oxford Institute of Population Ageing joins us live from Oxford.
Great to have you with us.
South Korea continues to post the lowest birth rate in the world with its fertility rate staying below 1% for three consecutive years. In your observation, why is South Korea, of all countries, witnessing such a rapid fall in its birthrate?
The Korean government has recently warned that Korea will face a 'population quake' if it doesn't act quickly now. Korea has a population of 51.8 million with last year's fertility rate standing at 0.84. Could you tell us the near-term and long-term impact given Korea's current pace of falling birthrate?
The majority of the world's oldest countries, other than Japan, are European nations. How are they tackling the issue, and are their government measures proving to be effective?
South Korea has pumped in over 90 billion U.S. dollars every year for the past decade to put breaks on the country's plunging birthrate but we continue to break our own world record of lowest figures. What could be the best feasible solution for Korea?
A recent report found that there has been a remarkable global decline in the number of children women are having. Do you think the Covid-19 pandemic is also becoming another major factor in the decreasing birthrate globally?
George LEESON live from University of Oxford for us. Thank you.