Difficulties raising children in Korea

On Jan. 19, the two main parties rolled out two birthrate-boosting strategies that are aimed squarely at raising Korea’s dire population trajectory. Statistics Korea revealed that the fertility rate in 2023 reached a record low of 0.75, a decline from 0.78 recorded a year earlier. The bleak record will inevitably weigh on Korean society and economy in the long run. To contain this, the government has continuously introduced a series of childbirth incentives, paternity leave benefits and all sorts of welfare programs for newborn babies and their parents.

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