Here are a few stories from around Asia you may have missed this week.
After Nine Years, South Korean Birth Rate Rises in 2024
In a surprising turn of events, South Korea is set to experience a rise in its birth rate in 2024 after nine consecutive years of decline. Government officials announced new data projecting an increase in the number of births, attributing the positive change to recent policies aimed at supporting families and encouraging parenthood.
\"We are pleased to see that our efforts are beginning to bear fruit,\" said a representative from the Ministry of Health and Welfare. \"The introduction of comprehensive childcare programs, expanded parental leave, and financial incentives for new parents have contributed to this upward trend.\"
Demographers note that this shift could have significant implications for South Korea's aging population and labor force. The nation has grappled with one of the world's lowest birth rates, raising concerns about future economic growth and social support systems.
Analysts are cautiously optimistic, suggesting that sustained support and societal changes will be necessary to maintain and further improve the birth rate in the coming years.
Regional Highlights
While the rising birth rate in South Korea takes center stage, other notable developments have emerged across Asia this week.
Japan Implements New Green Energy Initiatives
Japan has unveiled an ambitious plan to increase its reliance on renewable energy sources, aiming to reduce carbon emissions by 50% over the next decade. The government is investing heavily in solar and wind energy projects, signaling a strong commitment to combating climate change.
Economic Growth in Southeast Asia
Southeast Asian economies are showing signs of robust recovery post-pandemic. Countries like Vietnam and Indonesia report significant GDP growth, driven by increased manufacturing output and foreign investment. Economists predict continued expansion as global markets stabilize.
Reference(s):
Asia News Wrap: South Korean birth rate set to rise, and more
cgtn.com
