This is how much baby bonus South Korean real estate group Booyoung pays each employee for every newborn child.
Baby jackpot: 36 Booyoung babies received a one-off payment of the equivalent of 100 million won. In total, the group has already spent 13.4 billion won on birth bonuses. Chairman Lee Joong-keun says he will keep paying until South Korea’s birth rate reaches 1.5.
Context: With a fertility rate of just 0.72 children per woman, South Korea is far below the OECD average of 1.5.
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