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S. Korea’s Childbirths Hit Record Low in Nov.

S. Korea’s Childbirths Hit Record Low in Nov.

SEJONG, Jan. 26 (Korea Bizwire) — The number of babies born in South Korea reached yet another record low in November, data showed Thursday, reflecting the country’s dire population crisis. A total of 18,982 babies were born in November, plunging 4.3 percent from the previous year, according to the data from Statistics Korea. It marked [...]

Childbirth Subsidies Don’t Work in Regions with Decreasing Population: Study

Childbirth Subsidies Don’t Work in Regions with Decreasing Population: Study

SEOUL, Jan. 16 (Korea Bizwire) – The childbirth subsidies given out by local authorities nationwide have had a minimal effect in regions with a shrinking population, posing a financial risk, a report showed Sunday. A study recently published by the Korea Institute for Health and Social Affairs made a comparison of childbirth subsidies distributed in [...]

Gangnam District Residents to Receive Up to 4 Million Won for Firstborn

Gangnam District Residents to Receive Up to 4 Million Won for Firstborn

SEOUL, Dec. 21 (Korea Bizwire) – Seoul’s Gangnam District said Tuesday it will expand its childbirth and postnatal care subsidies next year. The district has been giving out 300,000 won (US$233) for the firstborn and 1 million won for the second-born child. Starting in January of next year, all parents of newborn children will receive [...]

Rising Housing Prices Undermine Marriage and Childbirth: Study

Rising Housing Prices Undermine Marriage and Childbirth: Study

SEOUL, July 29 (Korea Bizwire) — Increases in the price of housing have a negative impact on the rate of marriage and childbirth, a report showed Thursday. The Korea Institute of Public Finance conducted a survey on employees at public agencies, which showed that a 100 percent rise in housing prices resulted in 0.1 to 0.3 [...]