Seoul, South Korea Considers Paying Couples $72,500 Bonus per Baby

Seoul, South Korea Considers Paying Couples $72,500 Bonus per Baby


Seoul, South Korea – the capital of the nation with the world’s lowest fertility rate – launched a survey on Wednesday asking residents if they approved of an idea to pay 100 million won in cash (about $72,500) to parents for every baby their family welcomes.

The survey, according to the Korea Herald, will ask respondents if knowing they would receive a major cash incentive would make them reconsider their personal family planning and if they believe that the program expense, estimated to be around 22 trillion won ($16 billion), is reasonable.

The idea is the latest among a growing number of initiatives proposed in the country to encourage South Korean couples to consider parenthood, including an already existing benefits regime that offers parental leave, healthcare benefits,

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!