07 Feb '11, 4am

Rising cost of education depresses S.Korea's birth rate

Rising cost of education depresses S.Korea's birth rate

SEOUL: South Korea has one of the world's lowest birth rate. There are many of reasons for it, but most Koreans believe the high cost of raising a child is the biggest obstacle to improve the flagging birth rate. It takes about US$231,000 (260 million won) to raise one child from birth to college graduation in South Korea and the high cost has prompted many Koreans to have only child, or not having any at all. "It's true that it's an economic burden. Lots of my friends have one child or none at all. They want to have children but they all say they just can't afford to have more children," said Jung Soo hee, who is a mother of two children. Most of the money goes to paying for education, or to be more precise - private education. Lee Ko Woon, who is a mother of one child, said: "I don't think we can have more children. It just costs so much to educate them. The government i...

Full article: http://www.channelnewsasia.com/stories/eastasia/view/1109...

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