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South Korean Construction Company Offers 70,000 Euro Rewards for New Babies to Combat Population Shortage

Written by: Hanaa Abu Al-Ezz Wednesday, February 7, 2024 02:32 PM

In an effort to combat the population shortage in South KoreaOne of the construction companies tried to come up with a new idea, in order to encourage employees to… Having childrenwhere the head of the giant construction company Booyoung announced that the reward for anyone who gets a new baby will be 70 thousand euros, according to what was reported by France Info.

For many years, Asian governments have continued to encourage their citizens to have children, but this does not seem enough, because the number of births is still declining, which is why the president of Booyoung decided to prepare this exceptional reward. According to him, the lack of births could pose a real problem for the construction sector, And therefore for his company, because if few children are born, his company will have few customers, but also little workforce.

Thus, Booyoung’s employees will be able to receive 100,000 million won (or 70,000 euros) upon the birth of their child. To prove his commitment, his boss has already paid nearly 5 million euros to the 70 employees who have had children since 2021. Very affected by his country’s demographic collapse, he also plans To offer free housing to families with three or more children, however, parents will have to choose between the bonus and the apartment.

2024-02-07 12:32:00

#South #Korea #grants #bonus #euros #employee #newborn

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