S.Korean gov't to support export of postnatal care centers

It plans to strengthen exports of Korean postnatal care culture through a consortium of maternity, and childcare product firms

Getty Images 
Getty Images 
Se-Min Huh 1
2023-11-27 18:33:40 semin@hankyung.com
Business & Politics

The South Korean government will support the overseas expansion of domestic postnatal care centers. 

South Korea's Ministry of Economy and Finance announced on Monday the development plan for lifestyle services including the export postnatal care culture. Deputy Prime Minister Kyungho Choo convened the emergency ministerial meeting on economic affairs and meeting on exports. 

South Korea's postnatal care centers are well known for attracting foreign mothers to give birth, so much so that some domestic centers have expanded into China and the US, spreading the "K-postnatal care" culture. However, there has been little systematic government support in this area.

The government plans to support the export of a consortium consisting of postpartum care-related businesses, including hospitals, childcare product manufacturers, and beauty device companies. When postnatal care centers and medical institutions venture abroad, they will be given preferential treatment in the government support selection process.

The government will also provide support for legal, tax, and other advisory services, as well as cover overseas marketing costs.

Through organizations such as the Korea Trade-Investment Promotion Agency, information on market trends in countries where postpartum care centers are promising will be provided.

Write to Se-Min Huh at semin@hankyung.com
#postpartum care centers #obstetrics #childcare products #Ministry of Planning and Finance #K-postpartum care #hospitals #KOTRA

Lotte leads corporate push to raise Korea’s dismal birthrate

Lotte leads corporate push to raise Korea’s dismal birthrate

Lotte's childcare system stands out among Korea's large companies South Korea’s dreadfully low birthrate — the world’s lowest — is not just a concern for politicians or government officials. It also poses a threat to business leaders, who fear a dwindling workforce will

S.Korea’s birth rate at record low despite rebound in marriages

S.Korea’s birth rate at record low despite rebound in marriages

In 2022, South Korea's birth rate fell to 0.78 South Korea’s total fertility rate hit its trough of 0.7 again in the second quarter, according to Statistics Korea on Wednesday, deepening the demographic disaster looming in Asia’s fourth-largest economy.It matched the historic low of

Seoul to lower bar for multi-child family subsidies to raise birth rate

Seoul to lower bar for multi-child family subsidies to raise birth rate

Gender Equality and Family Minister Kim Hyunsook (right) The Seoul Metropolitan Government will change the definition of multi-child families from those with three or more kids younger than 13 to households with at least two children aged 18 or below so that they can be eligible for parenting s
(* comment hide *}