Lessons from South Korea. Why Birth Rates Are on the Business Agenda (BCG/13 Aug 2024)

Boston Consulting Group proposes how business can help South Korea boost it's lowest-in-the-world fertility rate. The declining working-age population threatens economic stability, prompting companies to offer financial incentives for childbirth and focus on work-life balance and parental support. Comprehensive policy measures, including tax incentives and childcare solutions, are needed alongside corporate efforts to address the crisis and sustain economic growth.