South Korean firms seek to use incentives to tackle low birth rate (Straights Times/24 Feb 2024)

Straights Times reports that certain South Korean companies are offering up to 100 million won per child to employees as part of birth incentive programs to address the country's record-low fertility rate of 0.78. Despite these efforts and government support, many workers doubt that financial incentives alone will significantly increase birth rates without better workplace policies and job security.