Urgent Call for Collaboration to Tackle South Korea's Population Decline

December 23, 2025 - 03:31

Lee Jung-geun, founder and chairman of Booyoung Group, has emphasized the critical need for a partnership between businesses and the government to combat South Korea's alarming population decline. Speaking at a recent event, Lee highlighted the potential consequences of a shrinking workforce and the challenges it poses to the nation's economy and social structure.

The chairman pointed out that the declining birth rate is a pressing issue that requires immediate attention and collaborative efforts. He urged both the private sector and the state to devise innovative strategies aimed at encouraging family growth and supporting young parents. This call to action comes at a time when South Korea faces one of the lowest fertility rates in the world, which could lead to a future labor shortage and increased economic strain.

Lee's remarks underline the importance of a united front in addressing demographic challenges, advocating for policies that create a more family-friendly environment. As the nation grapples with this crisis, the collaboration between business leaders and government officials is seen as essential for fostering sustainable growth and ensuring a balanced demographic future.