Yoo Seung-min: "Yoon Must Be Prepared for a National Debt Ratio of 80% to Overcome Low Birthrate"

[Image source=Yonhap News]

[Asia Economy Reporter Lee Ji-eun] Yoo Seung-min, a former lawmaker considered one of the next ruling party leadership candidates, raised his voice saying that there is no visible effort from the Yoon Seok-yeol administration to overcome low birth rates and emphasized the need to design policies prioritizing 'overcoming low birth rates.'

On the 22nd, Yoo said through his social network service (SNS), "If policies and budgets necessary to overcome low birth rates require the national debt ratio to GDP, currently at about 50%, to rise to 70% or 80%, we must be prepared for that."

He stated, "Set overcoming low birth rates as the top priority goal in all areas such as childbirth, childcare, education, labor, pensions, healthcare, and housing, and design and implement policies accordingly. For example, allow both mother and father to freely take three years of parental leave until their child graduates from high school, with the government supporting salaries and persuading companies to participate. Reform laws and systems so that children born to unmarried parents are treated equally and raised with care by our community," he emphasized.

He opposed the Yoon Seok-yeol administration's push for an 'Immigration Agency.' Yoo said, "Immigration policy should not be tampered with carelessly, so caution is necessary," adding, "It is much more important to create a country where young Koreans have hope for tomorrow and want to raise children than to recklessly meddle with immigration policy."

He said, "The number one national agenda of the Yoon Seok-yeol administration must be overcoming low birth rates," and added, "But from the public’s perspective, there is nothing visible that President Yoon and his government are doing to overcome low birth rates."

He continued, "After the Yoon administration took office six months ago, what has changed? What has given hope to the people? Many citizens probably cannot think of anything except the move to Yongsan," and said, "I hope President Yoon himself will quickly devote himself to overcoming low birth rates with a sincere commitment to reform."

This content was produced with the assistance of AI translation services.