In this file photo, President Yoon Suk Yeol (C) presides speaks during a session of the Presidential Committee on Ageing Society and Population Policy in Seongnam, south of Seoul, on June 19, 2024. (Image courtesy of Yonhap)
SEOUL, Jul. 1 (Korea Bizwire) — South Korea will launch a new ministry of population strategy to address low birth rates and a rapidly aging population, which have emerged as some of the starkest challenges facing the country, officials said Monday.
The government unveiled the plan following high-level meetings with the ruling party, saying that a revised government organization act will be proposed within July for the launch of the ministry.
Once established, the new ministry will focus on strategy and planning for demographic issues, such as low birth rates, population aging, workforce and immigration, serving as the control tower for these matters.
The ministry will also be responsible for drawing up population policies and mid- to long-term strategies, taking over the tasks currently managed by the health and finance ministries.
It will also be in charge of allocating and coordinating budgets for combating low birth rates across various related ministries, officials said.
The head of the new ministry will, meanwhile, double as the deputy prime minister for social affairs, one of the two deputy prime minister posts currently held by the education minister.
The ministry, once launched, plans to bolster public campaigns and promotions to address demographic challenges, and conduct research and analysis on demographic data, officials said.
(Yonhap)
