South Korean construction company Booyoung Group is offering to pay $75,000 (approximately ₹62.28 lakh) to its employees each time they have a baby in a bid to tackle the country s poor birth rate
South Korea's total population is expected to drop from 51.75 million in 2024 to 36.22 million, a level not seen since 1977, according to the statistics office.
South Korea is reportedly ‘reviewing’ plans to allow men to avoid conscription if they have three or more babies before they turn 30. The measure comes as the country is making efforts to boost its falling population as well as tackle a declining marriage rate
The number of South Koreans who tied the knot last year hit a record low, figures showed Thursday, compounding looming demographic troubles in a country with the world's lowest birth rate.