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South Korea’s fertility rate, already the world’s lowest, dropped to a fresh record low in 2023, defying the billions of dollars spent by the country to try to reverse the trend as the population shrank for a fourth-straight year. The average number of expected babies for a South Korean woman during her reproductive life fell to 0.72 from 0.78 in 2022, data from Statistics Korea showed on February 27, 2024.
