South Korea Pet Stroller Sales Surpass Baby Strollers
South Korea Pet Stroller Sales Surpass Baby Strollers
South Korea Pet Stroller Sales Surpass Baby Strollers
News summary

In South Korea, sales of pet strollers have outstripped those of baby strollers for the first time, reflecting a severe decline in the country's fertility rate, which fell to an unprecedented low of 0.72 in 2023. According to Gmarket, pet strollers accounted for 57% of total stroller sales in the first three quarters of 2023, a stark contrast to 43% for baby strollers. This demographic shift is exacerbated by rising living costs and declining marriage rates, with a 40% drop in marriages over the last decade. President Yoon Suk Yeol has labeled the birth rate crisis a “national emergency,” emphasizing the need for government intervention. As pet ownership rises—over 6 million households had pets in 2022—concerns about future population sustainability grow, prompting fears of an aging, childless society. Critics argue this trend reflects a broader societal issue, as some young people prioritize pet ownership over traditional family structures.

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