South Korea’s $75k Baby Bonus Spurs Hope

South Korean Companies Offer Significant Bonuses to Employees Who Have Children

In an effort to combat the declining birth rate and demographic crisis plaguing South Korea's workforce, companies like Booyoung Group are taking matters into their own hands by offering substantial bonuses to employees who have children. Booyoung Group, for example, is providing a whopping $75,000 bonus per baby to incentivize its workforce to start families.