South Korea Market

Number of marriages hits new low in 2020

Sumary of Number of marriages hits new low in 2020:

  • SEJONG, March 18 (Yonhap) — The number of South Koreans getting married fell at a double-digit rate to an all-time low in 2020 amid young people’s changing attitude toward marriage and the negative impact of the coronarvirus pandemic, government data showed Thursday The number of couples tying the knot in Asia’s fourth-largest economy reached 214,000 last year, down 10.7 percent from the previous year, according to the data from Statistics Korea…
  • The figure is the lowest since 1970, when the statistical agency began compiling related data, and represents the ninth straight year of shrinkage…
  • Last year’s drop came as more young South Koreans think marriage is not a must due to difficulties finding decent jobs or buying homes….

Want to know more click here go to source.