The Yoon Suk Yeol administration has laid out a "selection and concentration" strategy to address the country's record low birth rate and aging population.

Under the new policy direction unveiled Tuesday, the government will focus on five key areas of childcare, work-life balance, housing, child-rearing costs and health.

It believes the low birth rate is attributed to the social trend of people getting married late or not marrying at all as well as couples having fewer babies.

The average age of a first marriage has steadily climbed over the years reaching 33-point-four for men and 31 for women as of 2021.

The government critically assessed previous plans on the issue, pointing out that relevant policies so far were not realistic and failed to grasp the changing demands and needs, with one official recently noting that 280 trillion won spent over the past 15 years failed to buck the low birth rate trend.

A cooperative structure will also be strengthened among different agencies to promote policy efficiency. 

Experts have been calling for more bold policy measures to tackle the population crisis.