Busan Offers $64,000 for Marriage and Children (NZHerald/27 Aug 2024)

A New Zealand Herald article reports on a new initiative in Busan, where the city is offering up to $64,000 in cash incentives to singles who get married and have children. This initiative is part of a broader effort by South Korea to address its critically low birth rate, which has plummeted to 0.72 children per woman. Eligible singles in Busan can receive financial rewards at various stages of relationship progression, including $24,000 for marriage and up to $36,000 for housing. The program may expand to include foreign nationals in 2025 if successful.