A country needs an average birth rate of 2.1 children per family to naturally replace its population. According to the latest 2022 World Bank Group data, the U.S. birth rate is 1.7, the European Union is at 1.5 and China is at 1.2. Among wealthy countries, South Korea has the lowest birthrate at less than 0.8. In a recent survey, one in two South Korean women of child-bearing age said they had no intention of having children. While the number of children is falling, the number of dogs has doubled since 2018. The sale of dog strollers has quadrupled since 2019, and their sale now exceeds the sale of baby strollers. The drop in the birthrate prompted President Yoon to declare a “demographic national emergency” and called on the government to help avoid an “existential crisis”.