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● **”Marriage Crisis: Government Fails Millennials”**

Marriage, Divorce, and Property Division: Understanding the Impact of Rising Real Estate Prices on the Korean Economy and Demographics

1. The 10-Year Rule in Property Division and Contribution to Assets During Marriage

When discussing property division, there’s a saying, “5 years for cost-effectiveness, 10 years for a shot.”
This usually means that after a couple lives together for 10 years, it becomes difficult to distinguish between one’s own money and the contribution of domestic labor.
In other words, the basic principle is that around the 10-year mark, assets are divided roughly 5:5.
This aspect is emerging as a social issue related to property division and real estate.
It is an important part of married life where the economic foundation is laid.

2. Demographic Changes and the Economic Impact of Declining Birth and Marriage Rates

The decline in marriage and birth rates is burdening the domestic economy, leading to labor shortages and a contraction of the domestic market.
Decreasing marriage rates could lead to a stagnant consumer market and a slowdown in new industries.
Ultimately, this is causing a major social problem of weakening national competitiveness.
In particular, low birth rates are exacerbating the imbalance in the population structure of existing generations.

3. Rising Marriage Standards Triggered by Media and SNS

Media and SNS are raising expectations for marriage these days.
As women’s average specifications rise and competition intensifies for men’s appearance and abilities,
there is a growing tendency to look for a partner with ‘good conditions’ when getting married.
This situation is connected to property division or divorce issues after marriage,
leading to a pervasive calculated attitude to match each other’s living standards.

4. Legal and Economic Variables Affecting Rising Housing Prices and Property Division

Rising real estate prices have a significant impact on both marriage and divorce.
Housing prices are becoming a burden in married life, where a house should be a nest,
and rising housing prices are changing the landscape in property division calculations in the event of a divorce.
For example, if house prices double in 4 years,
the husband’s burden may increase even if the original division was 50:50.
In the legal system, the introduction of a deliberation period, among other things, is complicating the number of divorces and property division disputes.

5. Changes in Divorce Rates and Legal and Social Responses

The trend of increasing divorce rates that began in the 1970s reached its peak after the IMF crisis, but
recently, as marriage itself has decreased, the number of divorces has also been decreasing.
With the introduction of the deliberation period system,
it encourages careful judgment instead of immediate divorce decisions.
However, if economic burdens such as property division and debt issues are not resolved,
difficulties in maintaining marriage are expected to continue.

6. Decline in National Competitiveness and Policy Recommendations

Marriage, divorce, and property division issues are not just personal problems.
They lead to a decline in birth rates, labor shortages, and domestic demand stagnation, which reduces the competitiveness of the entire country.
Therefore, it is necessary to reduce the media’s excessive praise of single-person households and images of failed marriages, and
the government needs to urgently prepare comprehensive measures such as stabilizing real estate prices and supporting marriage.
Regarding the domestic economy, property division, social issues, birth rates, and real estate,
ultimately, the national crisis must be overcome through a multifaceted approach.

The 10-year rule of property division is based on considering each spouse’s contribution to be 5:5 during married life.
The negative effects of declining marriage and birth rates on the domestic economy include labor shortages, domestic market stagnation,
and a slowdown in new industries. Media and SNS raise marriage standards, encouraging calculative decisions.
In addition, rising real estate prices add complexity to property division and divorce,
leading to economic burdens throughout society, threatening national competitiveness.
In conclusion, the government’s policy response and media image improvement are urgently needed to solve complex legal, economic, and social problems.

[Related Articles…]
The Reality of Rising Housing Prices and Property Division
Declining Birth Rates and the National Competitiveness Crisis

*YouTube Source: [Jun’s economy lab]

– 사람들이 결혼을 안 하는 이유 “국가는 바보입니다”(ft.이승우 변호사 2부)