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#707: Live from South Korea — Steve Jang on Korea’s Exploding “Soft Power,” The Poverty-to-Power Playbook, K-Pop, “Han” Energy, Must-See Movies, Export Economies, and Much More

The Tim Ferriss Show

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Changing societal and economic factors affecting family planning and child-rearing

Societal and economic shifts have led to fewer young couples getting married early and having children. The high cost of providing the best education and opportunities for children is a significant factor, especially in competitive societies like Korea. The pressure to enroll children in various activities and the associated costs are pushing parents to spend a substantial amount of money per year per child. Additionally, the lack of financial mobility and opportunities for parents in certain regions, like Korea, contributes to the challenges of affording these expenses. Consequently, the changing landscape is witnessing the emergence of more startups and unicorns in these regions, which may potentially provide new opportunities for parents in the future.

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