Next year's government budget will be focused on creating jobs and tackling the nation's low birth rate.<br />The announcement was made by the ministry of strategy and finance today, at a meeting on local government financing.<br /> According to the minstry's director in charge of budget, tackling youth unemployment will be the top priority.<br />Korea has been struggling to create jobs for young people.<br />And through 2021, the job market will need to absorb some 3-hundred-90-thousand so-called echo-boomers.... referring to people born in the 80s and 90s.<br />Another urgent issue that could affect the government's finances is dwindling number of newborns.<br />Last year, South Korea recorded its lowest-ever total fertility rate: 1-point-1-7. <br />
