Marriages continue on a steady declining trend

Home > Business > Economy

print dictionary print

Marriages continue on a steady declining trend

테스트

Miss Song, a 28-year-old office worker, plans on marrying her boyfriend next year before she turns 30. But the worries are starting to pile up.

“There are many things to consider before marriage,” Song says with a sigh. “Above all things, the biggest thing to consider is housing, for which a large sum of money is required.”

Last week, Song went house-hunting and found reality too harsh. The jeonse (lump sum deposit) price of a 28-pyong (996-square-foot) apartment in southern Seoul was 500 to 600 million won ($452,000 to $542,500).

“We plan on getting a mortgage, which means we’ll have to pay installments on a monthly basis for many years,” Song said. “Preparing for marriage in Korea requires so much.”

Many Koreans in their 20s and 30s have similar concerns. Unlike Song, some are forgetting about marriage as a result.

According to Statistics Korea, there were a total of 28,800 marriages in January, a 1.4 percent drop from the same period the previous year. The figure is also a sharp decline from 37,300 marriages in December.

Data showed that in 2007, there were 343,600 marriages, which dropped to 327,700 marriages the following year. In 2009, when the global economic crisis was raging, there were only 309,800 marriages in Korea. Last year, there were 327,100 newly wed couples.

“The general reason why there is a decline is because the overall population of Koreans at the age of marrying has decreased,” said Kim Soo-young, an official from Statistics Korea.

“But there are also voluntary factors,” Kim said. “For example, it’s difficult to find a job due to the high unemployment rate, which could force young people to set aside their marriage plans until they are employed.”

Kim raised concerns that if the trend continues, it will deepen the country’s low birth rate problem and Korea’s aging society.

Yesterday’s data released by Statistics Korea also showed that the number of newborns in January was 44,800, which is a 0.4 percent drop compared to the previous year.


By Lee Eun-joo [angie@joongang.co.kr]

More in Economy

Consumer price gains pick up speed in November

Life expectancy up 7 months for Koreans born in 2019

OECD knocks tenth of a point off Korea's 2020 growth

Bos taurus philately

$504 billion budget for 2021 ready for passage

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now