Seoul foreign ministry, Private school in Seoul, South Korea

Seoul, June 24 South Korea launched a task force meant to expand policy efforts to tackle demographic challenges as it is expected to suffer a serious fall in the working-age population in the coming years over its chronic low birthrate, the Finance Ministry said on Friday.During the inaugural meeting of the task force, Deputy Finance Minister Bang Ki-seon stressed the government's utmost efforts to slow down the pace of the population decline by offering more incentives for marriage, childbirth and child care, Yonhap News Agency quoted the Ministry as saying.The country became an aged society in 2017, in which the percentage of those aged 65 and older exceeded 14 per cent of the total population, and it is widely expected to become a super-aged society in 2025, when the percentage of older adults will surpass 20 percent.The government also seeks to expand the participation of female and elderly citizens, as well as foreigners, in economic activities and to boost manpower productivity.Bang also vowed to reform the country's socioeconomic system in line with changing population structures by nurturing advanced technologies and increasing the effectiveness of personnel and facility management."We will seize demographic changes as a chance to develop through strengthening promising industries in aging societies, such as robots," the official said.Ministries concerned and civil experts will review current policy measures on demographic challenges and come up with new methods, which will start being announced in July, the ministry said.According to Statistics Korea, the country's working-age population, or people aged 15 to 64, is expected to plunge 35 per cent over the next 30 years to 24.19 million in 2050.The estimate came as the country's total fertility rate hit an all-time low of 0.81 last year, down from 0.84 a year earlier.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Seoul Foreign MinistryFOLLOW

Seoul foreign ministry, Latest News

San Francisco, July 1 A case of "defective" door handle of Elon Musk-owned electric vehicle company Tesla has ... ...

Seoul, July 1 Hyundai Motor, South Korea's biggest carmaker, said on Friday that its sales fell 4.5 per ... ...

Seoul, July 1 Online shopping in South Korea continued to increase in May as the lifting of virus ... ...

Seoul, July 1 South Korea's National Human Rights Commission on Friday installed its first new vice minister-level officer ... ...

Seoul, July 1 Heavy rain that pounded South Korea this week have killed at least three people, and ... ...

San Francisco, June 30 Tech giant Apple on Thursday said that the developers in South Korea can now ... ...

Seoul, June 29 Beaches across South Korea will formally open for the summer holiday season next month, and ... ...

Seoul, June 24 South Korea launched a task force meant to expand policy efforts to tackle demographic challenges ... ...