![\"South](\"https:\/\/wp-assets.futurism.com\/2021\/01\/more-south-koreans-died-born-2020-300x158.jpg\")
<\/div>Sudden Drop<\/h2>
The year 2020 marks the first time that South Korea recorded more deaths than it did new births.<\/p>
That has officials concerned about the long-term implications of a declining population, the BBC <\/a><\/em>reports<\/a>. Soon, they say the government will make “fundamental changes” to prevent the population decline from getting any steeper.<\/p> The population drop wasn’t massive. The tally of 307,764 deaths compared to 275,800 births represents a loss of just 31,874 people — small compared to the country’s population of 51.3 million<\/a> — but that’s still 10 percent fewer births than in 2019.<\/p> South Korean President Moon Jae-in announced new cash incentives to support new parents last month, according to the BBC<\/em>. Starting in 2022, the families of each newborn will be given 2 million won (about $1,850) to help cover prenatal care on top of about 300,000 won (about $275) each month until the baby’s first birthday.<\/p> If the incentives don’t work and the downward trend continues, South Korea could someday face similar issues to Japan, which has struggled in recent years to replace its aging workforce<\/a>.<\/p> But cash for medical care may not be enough, according to the BBC<\/em>, as unaffordable real estate and the lack of work-life balance seem to be major, unaddressed factors in young families’ decisions to not have kids.<\/p> READ MORE: <\/strong>Alarm as South Korea sees more deaths than births<\/a> [BBC<\/em>]<\/p> More on demographics:<\/strong> The Elderly in Japan Are Using Exoskeletons to Delay Retirement<\/a><\/em><\/p> The post More South Koreans Died Than Were Born in 2020<\/a> appeared first on Futurism<\/a>.<\/p> Read more here: Sudden Drop The year 2020 marks the first time that South Korea recorded more deaths than it did new births. That has officials concerned about the long-term implications of a declining population, the BBC reports Continue reading Baby Bonus<\/h2>
Unresolved Issues<\/h2>
More South Koreans Died Than Were Born in 2020<\/a><\/p>","protected":false},"excerpt":{"rendered":"