Average number of births per woman falls to 0.72 in country that already has the world’s lowest rate, and has spent billions since 2006 to reverse the trend

South Korea’s demographic crisis has deepened with the release of data showing its birthrate – already the world’s lowest – fell to a new record low in 2023, despite billions of dollars in government schemes designed to persuade families to have more children.

Reports that South Korea’s population had shrunk for the fourth straight year came soon after neighbouring Japan reported a record decline in its population last year, along with a record fall in the number of births and the lowest number of marriages since the end of the second world war.