South Korea has extremely low rates of fertility and labor force participation by women during their childbearing years, whereas Sweden has high rates for both. Variations in family policy models may explain differences in fertility and women's employment between the two countries. Drawing upon literature that examines the effects of family policies on fertility and women's employment, this paper compares childcare support for very young children and parental leave policies in South Korea and Sweden. Thereafter, we discuss the importance of providing stronger support for dual-earner rather than single-earner families to reconcile the two objectives of increasing fertility and women's workforce participation. Specifically, it is critical to: (a) enhance the quantity and quality of childcare services for very young children, (b) achieve gender equality in parental leave policies, and (c) reduce gaps in the accessibility and utilization of family benefits by working parents from different social classes. (author abstract)