Seoul to Offer 1 Million Won Marriage Grant to Newlyweds Amid Population Concerns
http://koreabizwire.com/seoul-to-offer-1-million-won-marriage-grant-to-newlyweds-amid-population-concerns/306152
Seoul to Offer 1 Million Won Marriage Grant to Newlyweds Amid Population Concerns
http://koreabizwire.com/seoul-to-offer-1-million-won-marriage-grant-to-newlyweds-amid-population-concerns/306152
12 Comments
ss: In a bold move to support young couples and maintain recent upticks in birth rates, the Seoul Metropolitan Government announced plans to provide newly married couples with 1 million won in marriage grants starting this October.
“We’re carefully examining various measures to maintain this positive trend in birth rates,” a city official said, speaking on condition of anonymity as per government protocol.
Uhh, why tie this to marriage and not childbirths? Not saying incentivizing marriage is a bad thing, but surely if the concern is population you would provide the bonus in the event a couple has or attempts to have kids.
lol 686 usd. I’m sure that will cover the costs of kids if that’s what they’re looking to offset
That is $686.64 USD, for anyone wondering what that’s worth in American dollars.
Though, I don’t know how much an average restaurant dinner costs for two people in Korea…
This is equivalent to ~$685 USD/€660
Not too much cash tbh
So this is pretty much a reverse Squid Game? Sounds fun, but I think the prize should be a bit higher.
When did politicians become so weak? When K-12 education was rolled out and ended child labor politicians literally said “we are spending 10k USD per kid per year in gov funding AND not letting them work for an income all year” and it passed.
That’s insane if we were to try it now. Korean has the lowest birthrate in the world and tosses like $1k USD at the problem for the babies entire life.
If Korea wants kids so bad cover all daycare costs + food and give parents time off as needed to birth and raise kids. I guarantee people would go for it.
Do they have to give it back if they don’t have kids?
That’s like a studio apartment’s rent for a month in Seoul
Youre going to have to times that by 10 atleast to do anything at all.
Child tax credit in the US is $3000 per year per child. That’s barely 3 months of daycare where I live. Although I don’t think there’s any reasonable amount of money they could offer that would convince me to have more kids than I otherwise want.
Concerns is put lightly; theyre at something like 0.8 reproductive rate. They are about to not exist in 30 years.