baby bonuses - Garner Ted Armstrong Evangelistic Association https://www.garnertedarmstrong.org Let No Man Take Your Crown Wed, 07 Feb 2024 22:07:24 +0000 en-US hourly 1 https://www.garnertedarmstrong.org/wp-content/uploads/2024/05/cropped-Screen-Shot-2024-05-16-at-1.06.13-PM-32x32.png baby bonuses - Garner Ted Armstrong Evangelistic Association https://www.garnertedarmstrong.org 32 32 Korean firm offers $75,000 bonus to employees with newborns https://www.garnertedarmstrong.org/korean-firm-offers-75000-bonus-to-employees-with-newborns/?utm_source=rss&utm_medium=rss&utm_campaign=korean-firm-offers-75000-bonus-to-employees-with-newborns Wed, 07 Feb 2024 22:01:15 +0000 https://www.garnertedarmstrong.org/?p=45277 SEOUL, Feb. 6 (UPI) — In an effort to help South Korea revive its ultra-low fertility rate, a Seoul construction company announced it will begin offering a $75,000 bonus to employees each time they have a new baby. Seoul-based builder Booyoung … Read More

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]]> SEOUL, Feb. 6 (UPI) — In an effort to help South Korea revive its ultra-low fertility rate, a Seoul construction company announced it will begin offering a $75,000 bonus to employees each time they have a new baby.

Seoul-based builder Booyoung held an event Monday, where it awarded a total of $5.25 million for 70 babies born since 2021 to its workers.

“If the low fertility rate continues, our country could face an existential crisis in 20 years,” Booyoung Chairman Lee Joong-keun said during the gathering.

“The low birth rate is believed to be due to the financial burdens related to rearing children and the difficulties of maintaining a work-family balance. Hence the reason why we decided to introduce the special benefits,” he said.

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Source: https://www.upi.com/Top_News/World-News/2024/02/06/South-Korea-companies-employee-bonuses-babies-fertility-rate/6571707249588/

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