Day 1 PERI Special Symposium (Hall Ruby, Yeong Bin Gwan, The Shilla Hotels seoul)
Time | Program | Speaker |
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10:00 | 10:30Welcoming Ceremony |
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10:30 | 12:00Session 1 Anti-Populist Fiscal Policy |
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12:00 | 14:00[Lunch] | |
14:00 | 15:30Session 2 Empirical Analysis - Population Policy |
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15:30 | 15:50[Networking Break] | |
15:50 | 17:20Session 3 Empirical Analysis - Immigration Policy |
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* Major programs and schedules are subject to change depending on the circumstances of the event.
Day 2 EDAILY Strategy Forum : Dynasty Hall, The Shilla Hotels seoulM
Time | Program | Speaker |
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09:30 | 10:00Opening Ceremony |
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10:00 | 12:00Keynote Session |
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12:00 | 13:00[Lunch] | |
13:00 | 14:20Session 1 Governance Innovation for Birth-Friendly Population Policy |
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14:20 | 14:40[Networking Break] | |
14:40 | 16:00Session 2 In an era of population decline,solutions to respond to rural extinction |
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16:00 | 16:20[Networking Break] | |
16:20 | 18:00Session 3 Demographic shifts and changes in social structure¡¦ What are the challenges to reform? |
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* Major programs and schedules are subject to change depending on the circumstances of the event.
Day 3 EDAILY Strategy Forum : Dynasty Hall, The Shilla Hotels seoul
Time | Program | Speaker |
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09:00 | 10:20Keynote Session |
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10:20 | 10:40[Networking Break] | |
10:40 | 12:00Session 4 Business Solutions for Population Changeand Shrinking Economy |
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12:00 | 13:00[Lunch] | |
13:00 | 14:20Session 5 Corporate's social role to overcomethe declining birthrate issue |
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14:20 | 14:40[Networking Break] | |
14:40 | 16:00Session 6 Creating a Socio-Cultural Environment to increase marriage rate and balance work-family status |
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16:00 | 16:20[Networking Break] | |
16:20 | 17:40Session 7 A super-aged society with a declining birth rate¡¦Coexistence of Young and Silver Generation |
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* Major programs and schedules are subject to change depending on the circumstances of the event.
Anti-Populist Fiscal Policy
Last year, South Korea's national debt topped 1,100 trillion won for the first time in history, surpassing 50% of the country's GDP. This amounts to approximately 22 million won per capita. With the fiscal burden expected to increase due to low birth rates and an aging population, the country's finances face a challenging situation with growing deficits. EDAILY, in collaboration with the Brookings Institution in the United States and the Policy Evaluation Research Institute (PERI), aims to discuss fiscal reform directions based on empirical analysis of existing policies and explore new population policy tasks. Drawing on research and papers prepared over the past eight months by fiscal experts of Korea and the US, including Louis Sheiner, Policy Director for the Hutchins Center at the Brookings Institution, and Lee Chul-in, President of the Korean Association of Public Finance, experts will propose desirable directions for South Korea's fiscal policy, and incumbent officials, like Cho Dong-chul, President of the Korea Development Institute (KDI), and Kim Yoon-sang, Second Vice Minister of Economy and Finance, will discuss their proposals.Empirical Analysis - Population Policy
Since 2005, the South Korean government has invested approximately 340 trillion won into tackling low birth rates and the aging population. However, empirical analysis of these efforts has been insufficient, and ultimately failed to prevent the sharp decline in South Korea's birth rate. EDAILY, in collaboration with PERI and international policy experts such as Barbara Wolfe, former director of the Institute for Research on Poverty (IRP) at the University of Wisconsin-Madison, will present problems related to South Korea's response to the low birth rate and improvement directions based on eight months of research on Korean population policy. This in-depth evaluation of population policies by experts from both South Korea and the US is expected to generate interest as to what new kinds of alternatives may emerge.Empirical Analysis - Immigration Policy
Our society's low birth rate and aging population have already become a 'predetermined future.' Although, even at this stage, efforts to increase the total fertility rate are necessary, simultaneously, all stakeholders must make efforts to adapt to the super-aged society. EDAILY and PERI, along with domestic and international policy experts including Cynthia Miller and James Riccio, senior fellows at the Manpower Demonstration Research Corporation (MDRC), a US education and social policy research institution, have conducted an eight-month study to propose a new immigration and childcare policy program. Building upon a paper containing proposals never before attempted, we seek to bring about fundamental changes in Korean society. Current public officials such as Choi, Seulki, a standing committee member of the Presidential Committee on Aging Society and Population Policy, Lee Sung-hee, Vice Minister of Employment and Labor, and Hur Jai-joon, President of the Korea Labor Institute, will share their insights on the matter.The New Normal, an Uncharted Future: The Path for Korea
South Korea is hurtling toward becoming a super-aged, low birth rate society at the fastest pace in the world. Last year, the total fertility rate, which represents the average number of children a woman is expected to have in her lifetime, dropped to a record low of 0.72. At this rate, over one-fifth of South Korea's population will be aged 65 or older in two years, marking the transition to a super-aged society. The total population is projected to decline by approximately 30%, from 51.67 million in 2022 to 36.22 million in 2072. This issue is not unique to South Korea. Although not as extreme as South Korea, low birth rates and aging populations are common trends in almost all developed countries, presenting an unprecedented future challenge that we must collectively overcome. Jennifer Sciubba, a global demographer and author of "8 Billion and Counting: How Sex, Death, and Migration Shape Our World," analyzes the demographic issues that will be pivotal to global political, economic, and social changes. She will offer insights into the population issues regarding birth, death and migration, and suggest the direction South Korea should take in the future.Preventive Social Policies: Low Birth Rates, Aging Populations, and Immigration - Sweden¡¯s Experience and Lessons for South Korea
Many developed countries have been grappling with the challenges of low birth rates and aging populations for a long time, some starting 100 years ago, as early as the 1930s. Throughout this period, countries like Sweden and other Nordic nations have implemented long-term population policies that can span centuries, thereby successfully improving various indicators such as the total fertility rate. Former Swedish Prime Minister Fredrik Reinfeldt will introduce the diverse population policies implemented during his tenure from 2006 to 2014. He will also highlight the lessons that South Korea, currently on the world¡¯s fastest trajectory to low birth rates and population aging, can draw from Sweden's experience.Innovating the Government¡¯s Governance for Birth-Friendly Population Policies
In 2005, the South Korean government launched the Presidential Committee on Aging Society and Population Policy and invested approximately 340 trillion won to boost the birth rate and prepare for an aging society, but these efforts have failed to yield effective results. The total fertility rate (the average number of children a woman is expected to have in her lifetime), which was 1.09 in 2005, fell to 0.72 last year, 18 years later. By next year, more than one-fifth of the population will be 65 or older, marking South Korea's entry into a super-aged society. Many experts now argue that instead of indiscriminate financial investments, the government should innovate its governance to make all policies more birth-friendly. Domestic and international policy experts will gather to discuss specific ways to innovate government governance.Solutions for Addressing Regional Decline in the Era of Population Decrease
Low birth rates and an aging population do not affect all regions evenly. While the population in the metropolitan area continues to grow, non-metropolitan areas, especially underdeveloped regions, face an increasing risk of regional extinction. According to Statistics Korea and the Korea Employment Information Service, as of the end of last year, 51 out of 228 cities, counties, and districts were at high risk of extinction, and 67 were at risk of entering such a stage. Domestic experts, including "Alley Economist" Professor Mo Jong-rin from Yonsei University and Nam Jin, President of the Korean Urban Real Estate Society (Professor at the University of Seoul), will examine the current status of regional extinction as another consequence of population change and discuss potential solutions. Tatsuo Hatta, President of the Asian Growth Research Institute (AGI), will share Japan's experience in facing a similar crisis of regional extinction prior to South Korea.Population Transition and Changes in Social Structure: Tasks for Reform
Population changes significantly impact not just one sector of society but the entire political, economic, and social landscape. Governments, businesses, and individuals will all face new challenges. Aging populations threaten national finances and could deplete pension systems, while low birth rates will cause many schools to struggle. The current social structure, which assumes population growth, is unsustainable. Change is inevitable for all stakeholders. Led by former Strategy and Finance Minister Bahk Jae-wan, this session will examine the current state of these changes and present the reform tasks that we must undertake immediately.The New Normal of Super-Aged Societies: The Present and Future of the Global Silver Industry, and Opportunities for Korean Companies
The world, including South Korea, is entering a new normal of low growth and super-aged societies. All economic actors, including businesses, must seek sustainability amid these challenging shifts. Opportunities can be found in this process. For instance, if companies expand their investment into the silver industry in response to super-aging, it could lead to both sustainability and additional growth. Former Finnish Prime Minister and advisor to the Global Aging Network, Esko Tapani Aho, will explore the current state, future prospects, and opportunities for Korean companies within the silver industry.Business Solutions for Addressing Population Transition and a Shrinking Economy
Many companies dream of achieving longevity, but in reality, sustaining a business for even 30 to 50 years is no easy feat. As we face population transitions and a shrinking economy, businesses must confront even more intense challenges than ever before. This session will share the insights of various experts on the business solutions companies need to adopt to navigate these changes effectively.Social Roles of Businesses in Overcoming Low Birth Rates
Booyoung Group introduced a childbirth encouragement policy earlier this year, offering 100 million won in cash for each newborn, which sparked significant discussion across society. Since then, more companies have followed suit by introducing childbirth encouragement policies for their employees. This serves as an example demonstrating that the current low birth rate crisis is not solely the government's responsibility but requires action from all stakeholders, including businesses and households. How are companies in countries that experienced a low birth rate crisis before us addressing this issue? What lessons can we learn from them?Creating a Socially and Culturally Supportive Environment for Improving Marriage Rates and Work-Life Balance
Israel stands out among developed countries for its unusually high fertility rate. With a total fertility rate of 3.0 births per woman as of 2021, Israel significantly surpasses not only South Korea, which had a rate of 0.72 in 2023, but also the OECD average of 1.58. While some attribute this to religious or political factors, we emphasize the importance of a family-centered, inclusive societal and cultural environment among numerous factors. This could potentially provide an answer to why South Korea has particularly low birth rates. We will compare our societal culture with that of other countries and explore potential solutions for South Korea.Low Birth Rate and a Super-Aged Society: Coexistence of the MZ Generation and the Silver Generation
Even if the birth rate were to rebound immediately, we are inevitably heading towards a super-aged society. Moreover, such demographic changes can exacerbate intergenerational conflicts. Cultural differences between the so-called MZ generation and the silver generation could escalate beyond mere communication difficulties to become social conflicts. Together with writer Song Gil-young, we will explore the societal changes brought about by demographic shifts and seek ways for all generations to coexist harmoniously.