Korea heading for demographic cliff
Korea's total fertility rate is estimated at 0.96 to 0.97 for 2018, according to the Presidential Committee on Aging Society and Population Policy. / Korea Times filesBy Kim Jae-heunKorea's fertility rate is estimated to have hit an all-time low last year after falling below the level of 1 for the first time, according to a presidential committee, Friday, raising concerns that the nation is heading for a “demographic cliff” faster than expected.According to the Presidential Committee on Aging Society and Population Policy, the country's total fertility rate is estimated at 0.96 to 0.97 for 2018.According to Statistics Korea, the fertility rate refers to the number of children that one woman is estimated to have in her lifetime. Statistics Korea also predicted last March that the nation's fertility rate would dip below the threshold of 1. “If the fertility rate does not improve and stays at a critical level of 1, we can face the decrease in the country's total population sooner than 2028, the year we predicted such result,” Statistics Korea Commissioner Kang Sh
Jan 18, 2019By Kim Jae-heun