South Korean President Yoon Suk Yeol has firmly reiterated his commitment to reforming the nation’s pension and healthcare systems, acknowledging the challenges and emphasizing the need for immediate action. Regarding the pension system, President Yoon acknowledged concerns about its sustainability, with projections indicating a potential depletion by 2055. He highlighted the need for structural changes to ensure adequate income replacement for retirees and to alleviate anxieties among younger generations. To address concerns about medical accessibility, particularly in non-metropolitan areas, President Yoon underscored the government’s focus on strengthening regional healthcare infrastructure and bolstering the training of medical professionals. The president also emphasized the need for a comprehensive overhaul of the medical insurance system to prioritize essential and regional services. Despite resistance from medical professionals, Yoon remains committed to increasing medical school admissions to address the anticipated shortage of doctors by 2035. He further pointed to the importance of addressing the country’s low birthrate by fostering a more balanced and less competitive socioeconomic environment. Yoon plans to introduce a new approach to addressing the birthrate issue, considering the long-term sustainability of policies and aligning them with beneficiaries’ preferences.
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