Company to pay $75,000 baby bonus to employees (WaPo/16 Feb 2024)

The Washington Post reports on South Korean corporate efforts to encourage childbirth through financial incentives. Companies like Booyoung Group and Hyundai are offering substantial payouts to employees who have children, as the country faces a demographic crisis with a shrinking and aging population. However, experts argue that financial incentives alone may not be enough, highlighting the need for broader changes in South Korea's male-dominated corporate culture to support working women.