Increase in Marriage and Birth Rates Among MZ Generation: A Turning Point for the Low Birthrate Crisis?
In August 2024, the number of marriages in South Korea increased by 20%, In August 2024, the number of marriages in South Korea increased by 20%, marking the highest growth rate on record. Simultaneously, the number of births also rose by 6%, showing an upward trend for the second consecutive month. Positive perceptions about marriage and childbirth are expanding, particularly among the younger MZ generation, aided by various government support policies. This blog explores the background and outlook of these changes. South Korea, facing a severe low birthrate crisis, has recently seen an increase in both marriage and birth rates, drawing significant attention. According to the Korean Statistical Information Service, the number of marriages in August 2024 rose by 20% compared to the previous year, with 17,527 marriages recorded. This marks the highest growth rate ever for the month of August. The number of births also increased for the second consecutive month, with 20,098 babies b...