Korea has been experiencing lowest low fertility since 2001. This study aims to find the demographic and socio-economic causes of continued lowest low fertility in Korea. We found the demographic causes using the decomposition of TFR. During 1992~1997, the decline of both marriage rate and marital fertility, mainly the marriage rate, made TFR decrease steadily. During 1997~2005, the marriage rate decline overwhelmed the increase of marital fertility, causing TFR to decrease under the lowest low level. From 2005 to 2013, although the marriage rate decreased steadily, TFR increased a little due to the increase of marital fertility. And the tempo effect accelerated the drop of fertility to lowest low level. (The rest omitted)
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