South Korea's Strategy for Mitigating Population Decline Amid Crisis

World News

1 year ago

News sources:

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.

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