Banks extend childcare support, introduce 4-hour workday for parents (ChosunBiz/13 Feb 2025)

Chosun Biz reports that South Korean banks are expanding childcare support to address declining birth rates and workforce retention. Woori Bank will introduce four-hour workdays for parents of young children, with similar policies at Shinhan and NH Nonghyup. Banks also offer childbirth incentives, reaching up to 20 million won. These measures aim to support working parents while securing future customers amid concerns over population decline and its impact on real estate and banking.