Business Standard

South Koreans don't want to be married and its proving bad for the economy

When it comes to the birth rate, South Korea has ranked at the bottom of OECD countries in the Asia-Pacific region since 2016, with that rate going even lower this year

Seoul
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The demographic changes are already having an impact on some businesses

Jihye Lee | Bloomberg
Baeck Ha-na works in accounting during the week. On weekends, she’s a YouTube star in South Korea, promoting the “live-alone life.”

Baeck, whose YouTube channel in English is called “Solo-darity,” objects to being called a “mi-hon” -- someone who is not yet married. She’s part of a growing and determined group of Korean women rejecting marriage and motherhood.

Such decisions are intensifying demographic and economic challenges for the government as the country faces one of the world’s lowest birth rates and a shortfall in pension funding that is getting harder to close with fewer workers joining the labor force.

“Society made me feel
Topics : South Korea

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