SEOUL, Jul. 25 (Korea Bizwire) – As South Korea grapples with its alarmingly low birth rate, the pharmaceutical and biotech industries are joining the effort to address this pressing social issue. Companies are expanding childbirth subsidies and implementing support measures for couples struggling with infertility, all in a bid to encourage employees to have children. According [...]
SEOUL, Jul. 25 (Korea Bizwire) — President Yoon Suk Yeol has tapped an economics professor at Hanyang University as the inaugural senior presidential secretary for low birth rate issues, sources said Thursday. The presidential office is expected to announce the nomination of You Hye-mi as early as later in the day, according to the sources. [...]
SEOUL, Jul. 24 (Korea Bizwire) — The number of babies born in South Korea rose for the second month in a row in May for the first time in about nine years, data showed Wednesday, as the country is struggling to boost its ultra-low birth rate. A total of 19,547 babies were born in May [...]
SEOUL, Jun. 26 (Korea Bizwire) — The number of babies born in South Korea marked on-year growth for the first time in 19 months in April, data showed Wednesday, as the country is struggling to boost its ultra-low birth rate. A total of 19,049 babies were born in April 2024, up 2.8 percent from a [...]
SEOUL, Jun. 12 (Korea Bizwire) – Despite spending 47 trillion won last year to tackle the country’s chronically low birth rate, about half of that budget was allocated to programs unrelated to the core issue, experts warned, calling for a restructuring of government spending to better address the demographic crisis. At a seminar on June 11 [...]
SEOUL, Jun. 3 (Korea Bizwire) – The number of medical facilities capable of handling births in South Korea has plummeted by over 30% in the past decade, according to recent government data, raising concerns over access to maternal care across the nation. More than 70 regions either lack obstetrician-gynecologist (OB-GYN) clinics entirely or have facilities unable [...]
SEOUL, June 3 (Korea Bizwire) — The Seoul city government said Monday it will offer exceptional incentives to small and medium-sized companies that implement childbirth and child care promotion systems, such as payment of money gifts for birth and flexible work hours. Incentives, such as the supply of replacement workers, extra allowances for co-workers of [...]
SEOUL, May 29 (Korea Bizwire) — The number of babies born in South Korea set yet another fresh low for the month of March, leading to a record-low fertility rate for the first quarter, data showed Wednesday, A total of 19,669 babies were born in March, down 7.3 percent from a year earlier, according to [...]
SEOUL, Apr. 24 (Korea Bizwire) — The number of babies born in South Korea fell below the 20,000 level for the first time for any February this year, data showed Wednesday, amid deepening woes about the country’s demographics amid rapid aging and the ultra-low birthrate. A total of 19,362 babies were born in February 2024, [...]
SEOUL, Apr. 1 (Korea Bizwire) – A survey of South Korean office workers has revealed that an automatic parental leave system paired with income protection during leave is viewed as the most critical labor policy needed to address the nation’s chronically low birth rates. According to the civic group Gabjil 119, which polled 1,000 office employees, [...]