The President of South Korea has proposed working less to increase the birth rate
South Korea has the lowest birth rate in the world: on average, each woman has only 0.75 children.
President Lee Jae-myung said that this trend threatens the economy and social system and proposed a radical measure—reducing the working week to four and a half days.
According to the head of state, the country needs a “bold political shift towards a sustainable balance between work and personal life.”
Lee Jae-myung plans to reduce working hours from 40 to 36 hours per week without loss of pay by 2030 and eventually introduce a four-day working week.
The government is setting up a working group to develop a reform plan and a subsidy system for companies.
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