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 [...]
SEOUL, Jun. 3 (Korea Bizwire) – The confluence of declining birthrates and rising pet ownership in South Korea has led to sales of dog food outpacing those of infant formula and baby food, reflecting a broader shift toward premium childcare products. According to the e-commerce platform Gmarket, comparing the proportion of dog food, infant formula [...]
SEOUL, Jan. 24 (Korea Bizwire) – South Korea continued to experience a natural decline in it population in November as deaths continued to outnumber births, data showed Wednesday. A total of 17,531 babies were born in November, down 7.6 percent from a year earlier, according to the data from Statistics Korea. The latest tally marks [...]
SEOUL, Jan. 4 (Korea Bizwire) –South Korea is witnessing a significant impact on its education sector due to a sharp decline in the school-age population, a consequence of the country’s critically low birth rate. This year, the number of students entering elementary school has fallen below 400,000, and it’s anticipated to soon drop below 300,000. [...]