The Yoon administration’s $14.8 billion plan aims to reduce financial barriers, but cultural challenges persist
South Korea proposed to reform the country’s declining birth rate during a briefing with foreign correspondents, acknowledging both the scale of the demographic crisis and the challenges these reforms may face in reversing the trend.
The announcement by Sung Tae-yoon, the presidential chief of staff for national policy, followed President Yoon Suk-yeol’s introduction of the “4+1 reform” agenda on Aug. 29. This plan targets four primary sectors — pension, education, healthcare and labor — with an additional focus on birth rate, which Sung emphasized is influenced by various factors across these areas.
South Korea proposed to reform the country’s declining birth rate during a briefing with foreign correspondents, acknowledging both the scale of the demographic crisis and the challenges these reforms may face in reversing the trend.
The announcement by Sung Tae-yoon, the presidential chief of staff for national policy, followed President Yoon Suk-yeol’s introduction of the “4+1 reform” agenda on Aug. 29. This plan targets four primary sectors — pension, education, healthcare and labor — with an additional focus on birth rate, which Sung emphasized is influenced by various factors across these areas.
Get 30 days
of free access to
KoreaPro
Full access to all analysis
The KOREA PRO newsletter, every business day
Daily analysis on the top story of the day
The ability to suggest topics for coverage by our specialist team
Be smart about South Korea
Get full access to expert analysis and opinion.
Start now
No charges during your trial. Cancel anytime. A paid subscription will start after 30 days.
© Korea Risk Group. All rights reserved.
No part of this content may be reproduced, distributed, or used for
commercial purposes without prior written permission from Korea Risk
Group.