South Korea has so few babies it is offering new parents $10,500

TL;DR

Ilsan, South Korea – In their apartment on the outskirts of Seoul, Kwon Jang-ho and Cho Nam-hee sat down recently at the kitchen table to work out the monthly budget for their 17-month-old son, Ju-ha. “In our building, there’s even a local government-sponsored centre where you can borrow things like toys or strollers for free,” added Cho, who is on maternity leave and, like most South Korean women, does not share her husband’s family name. Cho Joo-yeon, the interpreter who plans to remain childless, believes the social structure and perceptions need to be transformed to address South Korea’s rock-bottom birth rate

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