Incheon, South Korea Newborn reward of 100 million won!

Mondo Parenting Updated on 2024-01-30

The main problem facing South Korea is a severe decline in fertility. According to 2022 data, South Korea's total fertility rate fell to 079, once again hitting a new all-time low. This means that on average each couple will only have 0With 79 children, more and more young Koreans choose not to have children. At the same time, statistics show that the percentage of newlyweds choosing not to have children is rising, with couples having their first child after five years of marriage rising from 5 in 20123% increased to 115%。

This trend of low fertility has led to serious problems in the social structure of South Korea. South Korea's total population peaked in 2020 and is expected to decline by 30% by 2072. Between 2022 and 2040, South Korea's population will fall from 50.06 million to 36.22 million, a drop of more than 30%. This trend has had a negative impact on Korean society in a number of ways, including labor shortages, an aging population, and increasing pressure on social security. **More than $2 trillion was spent in 2022 on policies to encourage fertility, yet fertility rates remain at record lows, raising questions about the effectiveness of policies. This issue could have implications for South Korea's future in a number of ways:

1. Social discussion caused by the policy: The news reported on the "100 million+idream" policy released by Yoo Jung-bok, the mayor of Incheon, South Korea, which aims to encourage childbirth by providing welfare subsidies. This policy is likely to spark a social debate about the effectiveness and fairness of fertility policies, as well as strategies to deal with population problems.

2. Observation of the effect of the birth policy: People may pay close attention to the effect of the implementation of this policy. **The focus will be on whether the fertility incentives will increase the fertility rate and alleviate the demographic problems that South Korea is currently facing.

3. Social and economic impacts: The decline in fertility may lead to a series of social and economic problems, such as labor shortages, increasing aging, and increased pressure on social security. Whether or not the birth policy can alleviate these problems will have a profound impact on South Korea's society and economy.

4. International repercussions: South Korea's declining fertility rate is a global problem, and similar challenges exist in other countries. This news is likely to attract international attention and prompt other countries to adopt similar or different strategies to deal with the decline in fertility.

5. Fertility concepts and cultural changes: The cost of living, personal modern life thinking and other factors mentioned in the article may affect young people's fertility intentions. Whether the fertility policy can change people's fertility concepts and culture to a certain extent is also an aspect that needs attention.

The implementation of the new policy and the change in the fertility rate will be the focus of attention in the future, which is of great significance to the social and economic development of South Korea.

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