SEOUL, March 14 (Korea Bizwire) — The chief of the South Korean central bank warned Friday the current level of ultra-low birth rate will cause South Korea to log negative economic growth after 2050, calling for measures to ease intense competition and burdens regarding employment, housing and child care. The Bank of Korea (BOK) Gov. [...]
SEOUL, March 12 (Korea Bizwire) — Families with three or more minor children will soon enjoy priority immigration processing at major airports across South Korea, including Incheon International Airport, as part of the government’s latest efforts to combat the country’s declining birth rate. The new fast-track service, set to begin in June, is among several measures [...]
SEOUL, March 10 (Korea Bizwire) — South Korea’s biotech, pharmaceutical, and healthcare companies are ramping up efforts to address the country’s low birth rate by introducing expanded family-friendly policies, including enhanced parental leave, financial incentives for childbirth, and workplace childcare support. According to industry sources on Sunday, Kakao Healthcare has begun offering free continuous glucose [...]
SEOUL, Feb. 27 (Korea Bizwire) — South Korea’s birthrate and total fertility rate experienced a rare uptick in 2024, driven by an increase in the population of women in their early 30s. However, experts warn that this trend may be short-lived as broader demographic declines continue. According to the latest government data, approximately 238,000 babies [...]
SEOUL, Dec. 31 (Korea Bizwire) — South Korea’s Ministry of Health and Welfare announced on December 30 that starting January 1, all men and women between the ages of 20 and 49 will be eligible for government-subsidized fertility testing up to three times, regardless of their marital status. The initiative marks a significant change from the [...]
SEOUL, Dec. 30 (Korea Bizwire) — South Korea’s Ministry of Land, Infrastructure, and Transport announced plans to increase the priority housing allocation for families with newborns under its special housing supply program for newlyweds. Under new rules, the allocation for such families will rise from 20% to 35%, reflecting a significant shift aimed at addressing [...]
SEOUL, Dec. 5 (Korea Bizwire) — Amid South Korea’s declining birthrate, corporations are stepping up with innovative and generous measures to support employees who choose to have children. From cash incentives to tailored family support policies, the private sector is playing a growing role in addressing the country’s demographic challenges. Buoyed by a groundbreaking policy [...]
SEOUL, Nov. 1 (Korea Bizwire) – Statistics Korea released expanded results from its national census on October 30, revealing significant shifts in the country’s marriage and demographic patterns. According to the census, among 42.94 million South Korean citizens aged 18 and over, 12.68 million (29.5%) have never been married, while 24.32 million (56.6%) are married with [...]
SEOUL, Oct. 23 (Korea Bizwire) — The number of babies born in South Korea increased on-year for the second consecutive month in August, data showed Wednesday, amid lingering demographic challenges caused by the ultra-low birth rate and rapid aging. A total of 20,098 babies were born in August, up 5.9 percent from a year earlier, [...]
SEOUL, Oct. 15 (Korea Bizwire) – Amidst growing concerns over South Korea’s critically low birth rate, a recent survey reveals a significant increase in marriage and childbirth intentions among people in their 20s and 30s, offering a glimmer of hope for the country’s demographic challenges. The Presidential Committee on Ageing Society and Population Policy released the [...]