Korea’s total fertility rate (TFR) was estimated to be 0.92 in 2019. It was the second year in a row for Korea to post a TFR below 1, portending a population decline in the years to come. With the three rounds of its Basic Plan for Aging Society and Population, the Korean government has expanded its work-family balance policy and childcare services for young children and introduced childcare and child allowance programs.
