The billionaire boss of a Seoul-based construction firm is handing out 100 million Korean won ($75,000) each time an employee has a baby to help reverse the country’s declining birth rate. The company is even backdating payments to those who started a family before the policy came into place.
As well as awarding a total of 7 billion Korean won ($5.25 million) to employees who collectively had 70 babies since 2021, the construction giant’s “drastic” measures include potentially footing the bill for larger families’ rent.
Moreover, the no-strings-attached benefit will be available to both male and female employees at its 2,500-strong workforce, the company confirmed to CNN.
In addition to the childbirth incentive, Booyoung Group is reportedly already trying to ease the financial burden on parents by helping out with college tuition for employees’ children, medical expenses for direct family members, and child allowances.
Infernalism on
Except it costs way more than that to raise a kid and it’s fucking expensive to live in SK.
Jocis on
What I have seen in SK live as a young is simply being a slave. I can understand why people don’t want to have kids in there
Maxfunky on
I have three and I’m done with it . . .but for 75k . . .
healthywealthyhappy8 on
Overpopulation is a problem. Depopulation is a reasonable solution. Why do we need more humans?
Apey23 on
I’ve a couple of spare nephews that get on my tits, does that qualify?
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The billionaire boss of a Seoul-based construction firm is handing out 100 million Korean won ($75,000) each time an employee has a baby to help reverse the country’s declining birth rate. The company is even backdating payments to those who started a family before the policy came into place.
As well as awarding a total of 7 billion Korean won ($5.25 million) to employees who collectively had 70 babies since 2021, the construction giant’s “drastic” measures include potentially footing the bill for larger families’ rent.
Moreover, the no-strings-attached benefit will be available to both male and female employees at its 2,500-strong workforce, the company confirmed to CNN.
In addition to the childbirth incentive, Booyoung Group is reportedly already trying to ease the financial burden on parents by helping out with college tuition for employees’ children, medical expenses for direct family members, and child allowances.
Except it costs way more than that to raise a kid and it’s fucking expensive to live in SK.
What I have seen in SK live as a young is simply being a slave. I can understand why people don’t want to have kids in there
I have three and I’m done with it . . .but for 75k . . .
Overpopulation is a problem. Depopulation is a reasonable solution. Why do we need more humans?
I’ve a couple of spare nephews that get on my tits, does that qualify?