SEOUL, Mar. 7 (Korea Bizwire) — Samsung Electronics Co. announced plans to expand paternal leave and childcare leave to meet the government’s policy to promote childbirth. Samsung Electronics recently decided to offer as much as 20 days of paid leave if an employee’s wife gives birth to twins, effective this month. The current welfare policy [...]
SEJONG, Feb. 27 (Korea Bizwire) — South Korea’s total fertility rate hit a record low of 0.98 in 2018, government data showed Wednesday, a clear warning that Asia’s fourth-largest economy may face a population decline going forward. The total fertility rate refers to the average number of children a woman bears in her lifetime. The [...]
SEOUL, Feb. 22 (Korea Bizwire) — For decades, the entrance to the maternity ward at Cheil General Hospital & Women’s Healthcare Center bustled with parents-to-be, but today it stands vacant, having been shuttered for months. The hospital’s decline is a stark illustration of one of the most daunting challenges facing South Korea: its low birthrate. [...]
SEJONG, Aug. 22 (Korea Bizwire) — The number of newborns in South Korea fell again in June, government data showed Wednesday, in the latest sign of the chronically-low birthrate that has plagued Asia’s fourth-largest economy for more than a decade. About 26,400 babies were born in June, down 8.7 percent from 28,900 tallied a year [...]
SEJONG, Aug. 22 (Korea Bizwire) — The number of newborns in South Korea fell again in June, government data showed Wednesday, in the latest sign of the chronically-low birthrate that has plagued Asia’s fourth-largest economy for more than a decade. About 26,400 babies were born in June, down 8.7 percent from 28,900 tallied a year [...]
SEOUL, Aug. 26 (Korea Bizwire) — Starting next month, national health insurance coverage for pregnancy and childbirth will be expanded as part of the government’s effort to encourage couples to have children. On August 28, the Ministry of Health and Welfare (MHW) announced that starting in September, entitlement to pregnancy and childbirth insurance coverage will [...]
SEOUL, Jul. 18 (Korea Bizwire) — South Korean retailers have moved quickly to create a favorable work environment for expecting and child-rearing mothers, including incentives for fathers, industry observers said Tuesday. Retail businesses have been fast movers in accommodating women who in most cases make up nearly half of their workforces. With the government encouraging [...]
SEOUL, Jul. 9 (Korea Bizwire) — South Korea has the fewest out-of-wedlock childbirths among developed market economies with high income, a central bank report said Sunday. The result of the Organization for Economic Cooperation and Development (OECD) findings were due to the country’s deep-rooted sentiment against having a child out of marriage, the Bank of [...]
SEJONG, May 30 (Korea Bizwire) – Many dual-income newlywed couples in South Korea quit a job after having a baby as working moms struggle with raising children, government data showed Tuesday. Out of 235,000 couples who tied the knot in 2014 and maintained their marital status through 2015, 130,000 couples, or 55.5 percent, have at [...]
SEJONG, May 24 (Korea Bizwire) – The number of childbirths in South Korea sank for the 16th consecutive month in March as the country is struggling with a continuing trend of late marriage and a rapidly aging population, a government report showed Wednesday. About 33,200 babies were born in March, down 13.1 percent, or 5,000, [...]