South Korean companies should make gender equality a key part of corporate governance to help combat the world’s lowest fertility rate, the country’s labor minister has said.
"A key solution to the fertility, aging and productive problem is helping women raise children happily without having to worry about giving up jobs,” South Korean Labor Minister Lee Jung-sik said. "But there still isn’t a noticeable level of effort for women at the environmental, social and governance level.”
The comments by Lee linking the fertility crisis with a lack of gender equality and insufficient corporate action are among the strongest yet by a cabinet member of Yoon Suk Yeol’s administration.