South Korean Businesses Offer Incentives for Babies Amid Demographic Crisis
By
Hyejin Kim
1 min read
⚠️ Heads up: this article is from our "experimental era" — a beautiful mess of enthusiasm ✨, caffeine ☕, and user-submitted chaos 🤹. We kept it because it’s part of our journey 🛤️ (and hey, everyone has awkward teenage years 😅).
South Korean businesses are taking extraordinary measures in response to the looming demographic crisis. To counter the declining birth rates, companies are offering substantial financial incentives to encourage employees to start families. The escalating issue of population decline has prompted creative solutions, with some businesses reportedly providing as much as $75,000 in financial support for employees who have a child. This drastic initiative reflects the severity of the demographic crisis and the urgency felt by businesses to address it. While the effectiveness of these incentives remains to be seen, it highlights the gravity of South Korea's demographic challenges and the innovative responses being pursued.