Birth Incentives Archives | Be Korea-savvy

South Korean Companies Offer Record-High Birth Incentives Amid Declining Birthrate

SEOUL, Feb. 19 (Korea Bizwire) — South Korean companies are taking bold steps to combat the nation’s record-low birthrate by offering substantial financial incentives to employees who have children. Gaming company Krafton recently announced a groundbreaking birth incentive program, offering employees KRW 60 million ($41,400) upon the birth of a child. Additionally, the company will provide [...]

Yoon Orders Tax Benefits for Companies Introducing Birth Incentives

SEOUL, Feb. 13 (Korea Bizwire) — President Yoon Suk Yeol instructed his aides Tuesday to come up with tax benefits and other support measures to encourage companies to formulate birth incentive programs for their employees, his office said. Booyoung Group, a South Korean builder, recently said it will provide employees with 100 million won (US$75,000) [...]