Germany s faltering economy is heightening anxieties that Korea may face similar troubles, as the two countries, despite the differences in size and economic outlooks, have multiple similarities when it comes to growth risks.
The Seoul Metropolitan Government held a debate with policy experts, Wednesday, to discuss the possible introduction of foreign nannies at sub-minimum wage pay rates to tackle the city s record-low birth rate and examine overseas cases to map out localization of the policy.
Demographic crisis: South Korea s fertility rate continues to plummet as many stop having babies milwaukeeindependent.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from milwaukeeindependent.com Daily Mail and Mail on Sunday newspapers.
A South Korean government agency announced in September that the total fertility rate was 0.81 last year, the world’s lowest. President Yoon Suk Yeol has ordered policymakers to find effective steps to deal with the problem.