July 30, 2020 10:09
The number of childbirths and marriages hit an all-time low in May. Korea's population has been declining for seven months now and it seems to be headed for a demographic cliff as young people refuse to procreate.
According to Statistics Korea on Wednesday, only 23,001 babies were born across the country in May, down another 2,359 or 9.3 percent from a year earlier. Childbirths have declined for 54 months in a row.
But 24,353 people died in May, down 397 or 1.6 percent on-year and resulting in a population decrease of 1,352 people. Some 18,145 couples married, down a whopping 4,900 or 21.3 percent on-year.
Kim Soo-young at Statistics Korea said, "Marriages seem to have dropped because the population of prime marrying age in their 30s is in decline and because many weddings were postponed amid the coronavirus epidemic."
The remaining population is getting more restless. Some 607,000 people registered new addresses in June, up 123,000 or 25.3 percent from a year earlier and the highest number since June 2015.
Gyeonggi Province topped the list with 12,668, followed by South Chungcheong Province (1,560) and North Chungcheong Province (1,094).
According to the Korea Appraisal Board, 138,578 homes were sold throughout the country last month, 2.5 times more than a year earlier and the highest number since November 2006.
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