Six out of 10 Koreans do not have plans to have babies, data showed on Friday, as the nation has had the lowest fertility rates for years. According to a survey conducted by research firm PMI on 1,800 Koreans between the ages of 20 and 50, 63.4 percent of the respondents said they do not have plans to have babies. The 1,800 respondents, however, include 530 parents who already have children. The biggest reason for no.
Experts argue that without addressing more fundamental causes, like long working hours and gender inequality, Korea will continue to see fewer people deciding to start families
Experts argue that without addressing more fundamental causes, like long working hours and gender inequality, Korea will continue to see fewer people deciding to start families
The Reasonable Price businesses program, where the government provides tax incentives and subsidizes essential daily items, thereby enabling lower prices, was initiated in 2011 to stabilize costs. This approach was promoted as a win-win policy for both customers and business owners.
The government stands to lose 1 trillion won ($765.2 million) in tax revenues annually should it decide to abandon a proposed capital gains tax on returns from financial investments, a main opposition party lawmaker warned, Wednesday.