Have a baby, get $72,000: South Korean companies pay to boost birth rate

Parental bonuses raise fairness concerns among single workers

20240614N South Korea family

South Korea's total fertility rate has notched new record lows for eight straight years. © Reuters

NAMI MATSUURA, Nikkei staff writer

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.

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