SEOUL, Nov. 25 (Korea Bizwire) — LG Uplus Corp., a major South Korean mobile carrier, said Thursday it will offer a “non-marriage” grant, similar to the company’s existing “marriage” grant, a first among large companies in the country.
According to the company, the non-marriage grant system will take effect from the beginning of next year, and employees who opt to remain single will be offered a grant of 100 percent of base pay and five days of paid leave.
The benefits are the same as the marriage grant that is given to newly-married employees.
Employees with more than five years of service and over 38 years of age are eligible for the non-marriage grant.
However, if employees who receive the non-marriage grant change their minds and get married in the future, they cannot receive the marriage grant.
After making a non-marriage declaration, the employees should work for more than two years. If they resign before that period, they have to return the non-marriage grant.
“Existing welfare systems were established with a primary focus on married people. However, as an increasing number of employees, centered on MZ generation (a Korean term referring to those aged between late 10s and 30s) employees, opt to remain single, there are growing voices demanding related welfare benefits,” the company said.
Ashley Song (email@example.com)