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South Korea's Booyoung Group pays employees up to $75k per baby to combat low birth rate, allocating $5.25M to 70 children since 2021.
A South Korean construction company, the Booyoung Group, is offering its employees up to $75,000 each time they have a baby as an effort to combat the country's low birth rate.
The company has already made cash payments totaling $5.25 million to staff who have had 70 children since 2021.
The initiative aims to alleviate the financial burden of raising children by directly supporting employees through cash payments.
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El grupo Booyoung de Corea del Sur paga a sus empleados hasta 75.000 dólares por bebé para combatir la baja tasa de natalidad, y ha asignado 5,25 millones de dólares a 70 niños desde 2021.