South Korea’s ruling People Power Party (PPP) and the main opposition Democratic Party (DP) have each proposed measures to combat the nation’s low birthrate. The PPP plans to enforce paid parental leave for fathers, increase the monthly salary for parental leave and establish a population ministry to oversee the country’s demographic trends. Meanwhile, the DP’s package focuses on providing housing for couples with multiple children, issuing low-interest loans to new couples and offering financial incentives for child support.

Both parties aim to address the demographic crisis, with the PPP emphasizing structural reforms and parental support and the DP proposing extensive financial aid and housing support. The DP estimates its measures will cost approximately $20.9 billion (28 trillion won) annually.