Government and Local Responses:
Incentives:
In Busan’s Saha District, a program offers up to $38,000 to encourage dating and marriage to boost the birth rate.
Nationally, South Korea has invested over $320 billion since 2005 to address low fertility, though these efforts have had limited success.
Policy Shifts:
Busan’s mayor has committed to new policies for older residents, aiming to turn the aging crisis into an opportunity.
South Korea’s government declared a “national demographic emergency” in June 2024, focusing on structural reforms like improving work-life balance and addressing childcare costs.
RE: LeoThread 2025-04-28 15:13