Parental leave reaches record high in 2024

The number of South Korean workers taking parental leave hit a record high in 2024. This surge is attributed to a rise in births last year and the impact of government policies promoting parental leave. There is also a growing trend toward shared leave between mothers and fathers.

The number of South Korean workers taking parental leave reached 206,226 in 2024, up from 198,218 the previous year, marking a record high, according to data from the Ministry of Data and Statistics released Wednesday.

This increase is partly due to a 3.6 percent rise in births to 238,300—the first uptick in nine years from a low of 230,000 in 2023—and the effects of government policies encouraging parental leave.

Under South Korean law, parents of children aged 8 or younger, or in second grade of elementary school or below, are eligible for up to one year of maternity or paternity leave. To combat the nation's ultralow birth rate, the government offers financial assistance to employment insurance subscribers on leave.

While women still dominate at 70.8 percent of takers, fathers' participation grew to 60,117, an increase of 9,302 from the prior year, signaling a shift toward shared responsibilities.

The average age of parents on leave has risen gradually, reflecting trends of delayed marriage and childbirth. Among male takers, 67.9 percent were from companies with 300 or more employees, compared to 57.7 percent for women.

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A Brazilian father holding his newborn baby at home, representing the approved extension of paternity leave to 20 days starting in 2027.
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A growing number of local governments in Japan are making it easier for male workers to take paternity leave, aiming to retain staff amid ongoing population shifts to larger cities. In fiscal 2024, 58.5% of eligible male local government employees took child care leave, surpassing 50% for the first time. Among administrative officials, the rate reached 75%.

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The number of babies born in South Korea rose at the fastest pace in 18 years in the first 11 months of 2025, driven largely by an increase in marriages. Government data shows the total for 2025 is expected to surpass the 238,317 recorded in 2024. Government policies supporting childbirth and the growing population of women in their early 30s also contributed.

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The National Pension Service announced on March 2 that the number of national pension recipients in South Korea is likely to surpass 8 million this year for the first time since the program's introduction in 1988. This projection comes amid the country's rapid aging population and low birth rate. The figure reached 7.83 million in November.

More than half of economic experts expect South Korea's economic growth to remain in the 1 percent range this year, according to a local survey. The poll, conducted by Southernpost Inc. for the Korea Enterprises Federation (KEF), showed 54 percent of 100 economics professors holding this view. The average forecast stands at 1.8 percent, below the government's 2 percent outlook and the IMF's 1.9 percent projection.

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South Koreans' overseas stock investments nearly tripled from a year earlier to an all-time high in 2025, reaching a level comparable to the country's annual current account surplus, central bank data showed on February 18. The surge has been cited as a key factor behind the weakness of the Korean won.

 

 

 

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