South Korea was nearly at the bottom of child and family welfare rankings among other major economies, a government report showed Thursday. (Image: Yonhap)
SEOUL, April 5 (Korea Bizwire) — South Korea was nearly at the bottom of child and family welfare rankings among other major economies, a government report showed Thursday.
In 2017, South Korea spent 1.1 percent of its gross domestic product on child and welfare costs, including maternity leave, according to the report by the Ministry of Health and Welfare.
That placed Asia’s fourth-largest economy 31st among the 35 member states of the Organization for Economic Cooperation and Development (OECD), the ministry said.
The comparable data for OECD members, however, was for 2013, officials said.
The OECD average came to 2.2 percent, the report said. The United States, Turkey and Mexico came after South Korea.
South Korea’s spending on child and family welfare has gradually increased since 2010, growing at an average annual rate of 6.9 percent.
(Yonhap)
