{"id":16259,"date":"2024-05-09T09:42:50","date_gmt":"2024-05-09T04:12:50","guid":{"rendered":"https:\/\/asia.businessupturn.com\/?p=16259"},"modified":"2024-05-09T09:42:50","modified_gmt":"2024-05-09T04:12:50","slug":"south-korean-president-acknowledges-policy-failures-after-two-years-in-office","status":"publish","type":"post","link":"https:\/\/www.businessupturn.com\/asia\/east-asia\/south-korea\/south-korean-president-acknowledges-policy-failures-after-two-years-in-office\/16259\/","title":{"rendered":"South Korean President acknowledges policy failures after two years in office"},"content":{"rendered":"<p>South Korean President Yoon Suk Yeol conceded on Thursday that his administration\u2019s efforts to enhance citizens\u2019 lives had fallen short, recognizing the significant defeat of his ruling party in last month\u2019s election as a reflection of voters\u2019 dissatisfaction with his two-year tenure.<\/p>\n<p>In response to the pressing issue of the nation\u2019s record-low birth rate and rapidly ageing population, President Yoon announced the establishment of a new government ministry as part of a major policy initiative.<\/p>\n<div class=\"flex-1 overflow-hidden\">\n<div class=\"react-scroll-to-bottom--css-rcici-79elbk h-full\">\n<div class=\"react-scroll-to-bottom--css-rcici-1n7m0yu\">\n<div>\n<div class=\"flex flex-col text-sm\">\n<div class=\"w-full text-token-text-primary\" dir=\"auto\" data-testid=\"conversation-turn-21\" data-scroll-anchor=\"true\">\n<div class=\"py-2 px-3 text-base md:px-4 m-auto md:px-5 lg:px-1 xl:px-5\">\n<div class=\"mx-auto flex flex-1 gap-3 text-base juice:gap-4 juice:md:gap-6 md:max-w-3xl lg:max-w-[40rem] xl:max-w-[48rem]\">\n<div class=\"relative flex w-full min-w-0 flex-col agent-turn\">\n<div class=\"flex-col gap-1 md:gap-3\">\n<div class=\"flex flex-grow flex-col max-w-full\">\n<div class=\"min-h-[20px] text-message flex flex-col items-start whitespace-pre-wrap break-words [.text-message+&]:mt-5 overflow-x-auto gap-3\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"21f0f135-9dc3-45c2-98f4-2d9b4f133ccd\">\n<div class=\"markdown prose w-full break-words dark:prose-invert light\">\n<p>President Yoon emphasized during his first news conference in 21 months the urgency of addressing the low birth rate, stating that they would leverage all available national capabilities to tackle what he described as a national emergency.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"mt-1 flex gap-3 empty:hidden juice:-ml-3\">\n<div class=\"-ml-1 mt-0 h-7 items-center justify-center gap-[2px] self-end text-gray-400 lg:justify-start lg:self-center visible flex\">The defeat suffered by his People Power Party in the April 10 vote prompted calls for a shift in leadership style and policy direction to salvage Yoon\u2019s presidency, which has yet to reach its halfway point.<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Acknowledging the public\u2019s assessment of his administration\u2019s performance as falling short, Yoon vowed to improve communication with both the public and parliament. However, his support ratings have plummeted to a dismal 21% in recent polls.<\/p>\n<p>Amid opposition parties\u2019 demands for a special prosecutor to investigate alleged misconduct by the first lady, Yoon defended her, labeling the calls as politically motivated attacks.<\/p>\n<p>Meanwhile, the decision to establish a ministry to address the declining birth rate and ageing population comes as South Korea\u2019s fertility rate, already the lowest globally, continued its downward trajectory in 2023.<\/p>\n<p>Data from Statistics Korea revealed that the average number of expected babies per South Korean woman hit a record low of 0.72, significantly below the 2.1 replacement rate necessary for population stability. Concerns over issues like housing and education costs have contributed to this trend, exacerbating the demographic challenge facing the nation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Yoon Suk Yeol conceded his administration\u2019s shortcomings after his party\u2019s election defeat, emphasizing the urgency to address South Korea\u2019s low birth rate through a newly announced ministry.<\/p>\n","protected":false},"author":367,"featured_media":16264,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[3798,603],"class_list":["post-16259","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-south-korea","tag-president-yoon-suk-yeol","tag-south-korea"],"reading_time":"2 min read","_links":{"self":[{"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/posts\/16259","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/users\/367"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/comments?post=16259"}],"version-history":[{"count":0,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/posts\/16259\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/media\/16264"}],"wp:attachment":[{"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/media?parent=16259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/categories?post=16259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businessupturn.com\/asia\/wp-json\/wp\/v2\/tags?post=16259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}