South Korean company will pay its employees $75,000 to have babies. Here's why
10 months, 1 week ago

South Korean company will pay its employees $75,000 to have babies. Here's why

Hindustan Times  

A company in South Korea is offering its workers 100 million Korean won each time they become parents. As per reports, the company also announced that it would give cash payments totalling 7 billion Korean won to staff members who have given birth to 70 children since 2021. Booyoung Group’s Chairman Lee Joong-keun told CNN that they are offering “direct financial support” to the employees to help ease the financial burden of raising children. As per Statistics Korea, a government organization responsible for managing national statistics in South Korea, the fertility rate or the average number of expected babies per South Korean woman over her reproductive life span fell from 0.81 to 0.78 in 2022.

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History of this topic

South Korea's bold policies to boost birth rate amid demographic crisis
3 weeks ago

South Korea's bold policies to boost birth rate amid demographic crisis

India Today  

In the face of a demographic crisis marked by plummeting birth rates, South Korea is ramping up efforts to encourage child-rearing with a host of government-backed incentives. THE ROOT OF THE CRISIS South Korea’s declining birth rate stems from several factors: soaring housing costs, intense work cultures, gender inequality, and the high costs of raising children. GOVERNMENT INITIATIVES AT A …

Fertility rate on decline in India: Is it headed the alarming South Korea way?
3 weeks, 1 day ago

Fertility rate on decline in India: Is it headed the alarming South Korea way?

India Today  

In 2023, South Korea reached a shocking new milestone in its demographic trajectory--its fertility rate plummeted to an unprecedented low of 0.72 children per woman. Workforce Shrinkage: With fewer young people entering the labour market, South Korea may face a shortage of workers in key sectors, resulting in slower economic growth and potential labour shortages. A youthful population has been …

South Korea’s fertility rate set to rise for first time in nine years
3 weeks, 6 days ago

South Korea’s fertility rate set to rise for first time in nine years

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The projected fertility rate of …

Seoul to spend over £3bn to help residents raise children amid birth rate crisis
1 month, 3 weeks ago

Seoul to spend over £3bn to help residents raise children amid birth rate crisis

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Seoul city government plans …

The country with lowest fertility rate gives medals to two women who had 13 children each
2 months, 1 week ago

The country with lowest fertility rate gives medals to two women who had 13 children each

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy South Korea’s health and welfare …

South Korean couple with quintuplets gets nearly £100k in childbirth grants
2 months, 3 weeks ago

South Korean couple with quintuplets gets nearly £100k in childbirth grants

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A couple in South Korea …

World’s Lowest Birth Rate Spurs Korea to Hire Foreign Nannies
3 months, 3 weeks ago

World’s Lowest Birth Rate Spurs Korea to Hire Foreign Nannies

Live Mint  

South Korea will start allowing families to hire foreign nannies as the nation grapples with the world’s lowest birth rate. But the situation has not improved, prompting President Yoon Suk Yeol’s government to tap foreign nannies. Korean households could end up spending about 2.38 million won per month if they hire foreign nannies for 8 hours a day, according to …

Facing a ‘national emergency,’ South Korea president announces new ministry to boost birth rate
7 months, 2 weeks ago

Facing a ‘national emergency,’ South Korea president announces new ministry to boost birth rate

LA Times  

Children play during recess at Dochang Elementary School in Seoul in May 2023. South Korean President Yoon Suk-yeol announced Thursday that he would create a new government ministry to tackle the country’s low birth rate, which he called “a national emergency.” The ministry will serve as a specialized “control tower” that will “establish policies that span education, labor and welfare” …

South Korea to create new ministry to tackle plummeting birth rate
7 months, 2 weeks ago

South Korea to create new ministry to tackle plummeting birth rate

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy South Korea will set up …

Countries in Asia are spending millions to reverse falling fertility rates. But throwing money at the issue isn't working
7 months, 2 weeks ago

Countries in Asia are spending millions to reverse falling fertility rates. But throwing money at the issue isn't working

ABC  

The country with the lowest fertility rate in the world is considering paying parents 100 million won in cash for each baby born. "Through this survey, we plan to re-evaluate the country's birth promotion policies to determine whether direct financial subsidies could be an effective solution," the commission said. Japan proposes student loans and more childcare The next few years …

South Korea considering £59k incentive for each child born amid declining birth rate
8 months ago

South Korea considering £59k incentive for each child born amid declining birth rate

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy South Korea is considering paying …

South Korean marriages crash 40% in just 10 years
9 months, 2 weeks ago

South Korean marriages crash 40% in just 10 years

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. According to data from the December 2023 Population Trends …

World's lowest fertility rate of South Korea plunges again in 2023; Japan follows with a fresh record low
9 months, 3 weeks ago

World's lowest fertility rate of South Korea plunges again in 2023; Japan follows with a fresh record low

The Hindu  

February 29, 2024 11:23 am | Updated 12:27 pm IST - SEOUL South Korea's fertility rate, already the world's lowest, continued its dramatic decline in 2023, as women concerned about their career advancement and the financial cost of raising children decided to delay childbirth or to not have babies. The average number of expected babies for a South Korean woman …

Birth rates fall to all-time lows in Japan and South Korea
9 months, 3 weeks ago

Birth rates fall to all-time lows in Japan and South Korea

The Telegraph  

South Korea’s fertility rate hit a record low in 2023, fuelling fears of “national extinction” as politicians scramble for solutions to reverse the population decline. Projections that it could nosedive further to 0.68 this year have stoked concern of a demographic time bomb that represents the biggest risk to South Korea’s economy, social welfare and health systems, as well as …

Fears for future as South Korea’s fertility rate drops again
9 months, 3 weeks ago

Fears for future as South Korea’s fertility rate drops again

Al Jazeera  

South Korea has the lowest fertility rate in the world, with the population expected to halve by 2100. South Korea’s fertility rate – already the lowest in the world – has fallen yet again, amid fears of “national extinction”, an ongoing debate about how to reverse the trend, and how the country’s work culture and gender relations could be to …

Kim Jong-un cries as he begs North Korean women to help halt a decline in country’s birth rate
1 year ago

Kim Jong-un cries as he begs North Korean women to help halt a decline in country’s birth rate

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Kim Jong-un burst into tears …

The North Korean leader calls for women to have more children to halt a fall in the birthrate
1 year ago

The North Korean leader calls for women to have more children to halt a fall in the birthrate

Associated Press  

SEOUL, South Korea — North Korean leader Kim Jong Un has said it is a duty of women to halt a fall in the country’s births in order to strengthen national power, state media said Monday, as his government steps up the call for the people to have more children. South Korea’s fertility rate, the lowest in the developed world, …

South Korea has so few babies it is offering new parents $10,500
1 year, 8 months ago

South Korea has so few babies it is offering new parents $10,500

Al Jazeera  

South Korean parents are being showered with cash, but experts say money alone will not fix the country’s fertility woes. “It’s good that the government provides some support for families who already know they want kids but there are other factors to consider when it comes to tackling the low birth-rate problem.” With the world’s lowest birth rate, South Korea …

South Korea has the world's lowest fertility rate, a struggle with lessons for us all
1 year, 9 months ago

South Korea has the world's lowest fertility rate, a struggle with lessons for us all

NPR  

South Korea has the world's lowest fertility rate, a struggle with lessons for us all Enlarge this image toggle caption Chung Sung-Jun/Getty Images Chung Sung-Jun/Getty Images Yun-Jeong Kim grew up imagining what her future family would look like — married with several kids, a nice home and a dog. In South Korea, the fertility rate — the average number of …

South Korea Hits Record-low Weddings as Birth Rate Plunges
1 year, 9 months ago

South Korea Hits Record-low Weddings as Birth Rate Plunges

News 18  

The number of South Koreans who tied the knot last year hit a record low, figures showed Thursday, compounding looming demographic woes in a country with the world’s lowest birth rate. Some 192,000 couples got married last year, according to the data released by Statistics Korea Thursday, down by more than 40 percent from a decade earlier in 2012, when …

South Korea shatters its own record for world’s lowest fertility rate: Report
1 year, 10 months ago

South Korea shatters its own record for world’s lowest fertility rate: Report

Hindustan Times  

South Korea has once again shattered its own record for the world’s lowest fertility rate. According to the figures released by Statistics Korea on Wednesday, the fertility rate or the average number of expected babies per South Korean woman over her reproductive life, fell to 0.78 in 2022, down from 0.81 a year earlier, CNN reported. The fertility rate in …

S Korea breaks record for world’s lowest fertility rate, again
1 year, 10 months ago

S Korea breaks record for world’s lowest fertility rate, again

Al Jazeera  

The number of babies expected per woman in South Korea dropped to 0.78 last year, down from 0.81 a year earlier. The average number of expected babies per South Korean woman over her reproductive life fell to 0.78 in 2022, down from 0.81 a year earlier, according to data published by Statistics Korea on Wednesday. The plummeting birth rate has …

South Korea spent $200 billion, but it can’t pay people enough to have a baby
2 years ago

South Korea spent $200 billion, but it can’t pay people enough to have a baby

CNN  

Seoul, South Korea CNN — The season of baby fairs is here once again in South Korea. According to President Yoon Suk Yeol, South Korea has spent more than $200 billion in the past 16 years trying to solve its population problem. “It’s as if they have done something wrong by becoming pregnant out of wedlock… why does it necessarily …

South Korea in demographic crisis as many stop having babies
2 years, 1 month ago

South Korea in demographic crisis as many stop having babies

Associated Press  

SEOUL, South Korea — Yoo Young Yi’s grandmother gave birth to six children. “My husband and I like babies so much … but there are things that we’d have to sacrifice if we raised kids,” said Yoo, a 30-year-old Seoul financial company employee. South Korea’s statistics agency announced in September that the total fertility rate — the average number of …

South Korea records world’s lowest fertility rate – again
2 years, 3 months ago

South Korea records world’s lowest fertility rate – again

CNN  

Seoul, South Korea CNN — South Korea has broken its own record for the world’s lowest fertility rate, according to official figures released Wednesday, as the country struggles to reverse its years-long trend of declining births. The country’s fertility rate, which indicates the average number of children a woman will have in her lifetime,sunk to 0.81 in 2021 – 0.03% …

Low birth rate could halve this country’s population by end of this century
2 years, 4 months ago

Low birth rate could halve this country’s population by end of this century

Live Mint  

South Korea has once again shattered its own record for the world’s lowest fertility rate as it faces the prospect of its population of 51 million people more than halving by the end of this century. Korea is the world’s fastest-aging nation among economies with per capita GDP of at least $30,000, according to United Nations global population projections and …

Planning to have a baby? This city will pay you over Rs 70 lakh for having a child
3 years, 11 months ago

Planning to have a baby? This city will pay you over Rs 70 lakh for having a child

India TV News  

In an attempt to fight the cause of the declining population, a South Korean city has brought an incentive-driven policy for residents to have kids. According to local media reports, South Korean city of Changwon, the capital of South Gyeongsang Province, is offering up to nearly $1,00,000 to parents who have at least 3 children. According to the new policy, …

South Korean population shrinks amid declining birthrate
3 years, 11 months ago

South Korean population shrinks amid declining birthrate

The Telegraph  

South Korea’s population contracted for the first time in the country’s history in 2020, as Asia’s fourth largest economy struggled with the convergence of an alarmingly low birth rate and a rapidly aging society. "Amid the rapidly declining birth rate, the government needs to undertake fundamental changes to its relevant policies," the interior ministry said in a statement on Sunday. …

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