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S. Korea May Log Negative Growth from 2050 if Low Birth Rate Continues: BOK Chief

S. Korea May Log Negative Growth from 2050 if Low Birth Rate Continues: BOK Chief

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. [...]

South Korea to Expand Benefits for Families with Three or More Children

South Korea to Expand Benefits for Families with Three or More Children

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 [...]

South Korean Biotech and Healthcare Firms Expand Family Support Policies

South Korean Biotech and Healthcare Firms Expand Family Support Policies

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 [...]

South Korea’s Birthrate Sees Temporary Rebound Amid Demographic Shifts

South Korea’s Birthrate Sees Temporary Rebound Amid Demographic Shifts

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 [...]

South Korea to Expand Fertility Testing Coverage to All Adults Ages 20-49, Regardless of Marital Status

South Korea to Expand Fertility Testing Coverage to All Adults Ages 20-49, Regardless of Marital Status

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 [...]

Gov’t Expands Housing Benefits for Newborn Families Amid Low Birthrate Concerns

Gov’t Expands Housing Benefits for Newborn Families Amid Low Birthrate Concerns

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 [...]

Korean Companies Boost Generous Incentives to Encourage Births

Korean Companies Boost Generous Incentives to Encourage Births

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 [...]

Over Half of South Koreans in Their 30s Remain Unmarried, Census Shows

Over Half of South Koreans in Their 30s Remain Unmarried, Census Shows

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 [...]

Survey Reveals Growing Interest in Marriage and Parenthood Among Young South Koreans Amid Birth Rate Crisis

Survey Reveals Growing Interest in Marriage and Parenthood Among Young South Koreans Amid Birth Rate Crisis

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 [...]