South Korea is grappling with the world’s lowest birth rate and is now turning to financial incentives to address its demographic challenges.
In Busan’s Saha District, a new initiative offers residents up to $38,000 to encourage dating and marriage.
This program is part of a broader national strategy aimed at reversing the country’s historically low fertility rate of 0.72 children per woman.
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The initiative seeks to make family life more attainable and financially viable while also creating opportunities for social connections through various events that bring together like-minded individuals.
By promoting marriage and family life, this program is a key component of South Korea’s effort to combat its demographic crisis and boost its population.
