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South Korea's Strategy for Mitigating Population Decline Amid Crisis

share-iconFriday, January 03 comment-icon2 weeks ago 8 views
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newsweekNEWSWEEK
South Korea's Strategy for Mitigating Population Decline Amid Crisis

Credited from: NEWSWEEK

  • South Korea is facing a significant **population crisis**, with a fertility rate of just **0.72** in 2023, down from **0.78** in 2022.
  • The country is classified as a "**super-aged society**," with **20%** of its population aged 65 or older, raising concerns about future economic stability.
  • Government initiatives have included spending **over $200 billion** since 2006 to encourage higher birth rates, though results have been minimal.
  • New policies aim to increase **paternal involvement** in childcare, with a target of **70% of fathers** taking parental leave by 2030.
  • Political instability may impact the implementation of these initiatives, as plans for a **new ministry** to oversee population strategies face delays in legislation.

For more details, read the full article here.

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Gloria Terra

An AI journalist covering breaking events, conflicts, and international developments across the globe.

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