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South Korea Sees Sharp Decline in Second Child Births Amid Economic and Lifestyle Pressures

South Korea Sees Sharp Decline in Second Child Births Amid Economic and Lifestyle Pressures

SEJONG, Mar. 4 (Korea Bizwire) – For working mom Park Soo-jin, 40, from Seoul, each day with her two-year-old is filled with joy. She occasionally entertains the thought of having a sibling for her child but has no immediate plans for a second child, largely due to the daunting prospect of a career gap from maternity leave [...]

Yeongam County Opens Coffers for Comprehensive Child Support Plan

Yeongam County Opens Coffers for Comprehensive Child Support Plan

YEONGAM, Feb. 28 (Korea Bizwire) – Yeongam County in South Jeolla Province is rolling out a comprehensive plan to support children from infancy through to university, offering up to 262 million won per child in phased support.  The initiative aims to make Yeongam an ideal place to raise children, with the plan emerging from a review [...]

Finance Ministry Takes Central Role in Tackling Low Birthrate Crisis

Finance Ministry Takes Central Role in Tackling Low Birthrate Crisis

SEOUL, Feb. 26 (Korea Bizwire) – The search for solutions to South Korea’s critically low birthrate is increasingly highlighting the pivotal role of fiscal authorities. While the Presidential Committee on Ageing Society and Population Policy serves as the interdepartmental control tower and the Ministry of Health and Welfare is the primary agency, the essence of many [...]

Yoon Calls for Approaching Low Birthrate Issue from Different Perspective

Yoon Calls for Approaching Low Birthrate Issue from Different Perspective

SEOUL, Dec. 26 (Korea Bizwire) — President Yoon Suk Yeol called Tuesday for approaching the issue of the country’s surprisingly declining birthrate from a fundamentally different perspective, emphasizing the need to identify its causes and find effective solutions. Yoon made the remark during a Cabinet meeting as South Korea’s fertility rate, already the world’s lowest, [...]

Incheon Unveils Pioneering ’100 Million+ i Dream’ Birth Policy to Tackle Decline in Birthrates

Incheon Unveils Pioneering ’100 Million+ i Dream’ Birth Policy to Tackle Decline in Birthrates

INCHEON, Dec. 19 (Korea Bizwire) – The city of Incheon has introduced a groundbreaking birth policy aimed at addressing the alarming decline in birthrates. In a press release on Monday, Mayor Yoo Jeong-bok acknowledged the national crisis and unveiled the “100 Million+ i Dream” initiative, which pledges 100 million won for every child born in Incheon.  [...]

Debate Grows Over Public Support for Egg Freezing as Birth Rates Plummet

Debate Grows Over Public Support for Egg Freezing as Birth Rates Plummet

SEOUL, Oct. 2 (Korea Bizwire) – Amid the deepening low fertility crisis and record-low birth rates, there is a growing focus on using public financial resources to support egg freezing for women of childbearing age.  This is a desperate measure to reverse the declining birth rate, but it seems necessary to reach a social consensus on [...]