SEOUL -- South Korean companies are rolling out generous benefits to encourage their employees to have babies in a country where more people are staying single and childless.
Construction company Booyoung Group said in February it would give 100 million won ($72,000) to employees for each new child of Korean nationality they have -- an amount that would cover nearly all of the estimated cost of private education up to university admission. It said it would also pay out the incentives to workers who have had children since 2021.
