Korea to Spend $20 Million to Research Fountain of Youth

I hope this goes better than last year’s Hwang fiasco:

South Korea is battling the effects of an ageing population, plans to spend more than 20 million dollars over the next 10 years to discover the secrets of eternal youth.

The investment is aimed at keeping older people economically active for a longer period to compensate for the country’s rock-bottom birth rate.

By 2016, the Ministry of Science and Technology plans to inject 19.8 billion won (20.6 million dollars) to fund local scientists developing age-defying technologies.

“The money — 2.2 billion won every year — is not enough to stop a declining population but useful to make our society healthy,” said Cho Seong-Chan, a director of the ministry’s technology department.

“This will also help South Korea become a superpower in the biotech industry, which is regarded as our future source to earn foreign currency,” he said.

I have a better idea, how about coming up with ideas that encourage families to have children such as a cash incentive per child and reducing the costs of education in Korea as well?