Young Korean population projected to 'halve by 2050'
The country's total fertility rate - the average number of children born to a woman during her lifetime - hit a record low of about 0.7 in 2023.
The Republic of Korea's youth population is expected to halve in 30 years amid rapid aging and a record low birth rate, the Republic of Korea Statistics Agency said on 27 November. The number of people aged 19-34 reached 10.21 million in 2020, and the number may drop to 5.21 million in 2050.
The proportion of young people in the country was 20.4 per cent in 2020 and is expected to drop to 11 per cent in 2050.
The youth population has declined over the past decades from 13.85 million in 1990, 31.9 per cent of the total, to 12.88 million in 2000, 10.97 million in 2010 and 10.21 million in 2020.
It is noted that the number of unmarried people in this age group has increased in recent decades. In 2020, 7.84 million young people were unmarried, which is 81.5 per cent of the total population of this age group. This proportion was 54.5 per cent in 2000 and increased to 68.9 per cent in 2010.
The number of economically active young women in South Korea has increased dramatically, with the female labour force participation rate rising from 42.3% in 2000 to 61.1% in 2020.
According to the data, 63.9 per cent of men had jobs in 2020, up from 66 per cent 20 years ago.
The country's total fertility rate - the average number of children a woman gives birth to in her lifetime - has fallen to a record low of 0.7 in 2023.
The proportion of young people in the country was 20.4 per cent in 2020 and is expected to drop to 11 per cent in 2050.
The youth population has declined over the past decades from 13.85 million in 1990, 31.9 per cent of the total, to 12.88 million in 2000, 10.97 million in 2010 and 10.21 million in 2020.
It is noted that the number of unmarried people in this age group has increased in recent decades. In 2020, 7.84 million young people were unmarried, which is 81.5 per cent of the total population of this age group. This proportion was 54.5 per cent in 2000 and increased to 68.9 per cent in 2010.
The number of economically active young women in South Korea has increased dramatically, with the female labour force participation rate rising from 42.3% in 2000 to 61.1% in 2020.
According to the data, 63.9 per cent of men had jobs in 2020, up from 66 per cent 20 years ago.
The country's total fertility rate - the average number of children a woman gives birth to in her lifetime - has fallen to a record low of 0.7 in 2023.
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