Facing the world’s lowest birth rate, South Korea is now turning to financial incentives in an effort to reverse its demographic decline.
The Saha District in Busan, South Korea has introduced a new program offering residents up to $38,000 for dating and marriage. This initiative is a key part of the country’s broader strategy to combat its shrinking population, with the fertility rate plummeting to a record low of 0.72 children per woman.
The program is designed to make family life more financially accessible and sustainable, while also fostering social connections through various events aimed at bringing like-minded individuals together.
This initiative is part of South Korea’s wider approach to addressing its demographic crisis by encouraging young people to marry and start families, ultimately boosting the nation’s population.
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