A CONCERNY DECREASE IN THE NUMBER OF EMPLOYEES
The South Korean government has announced that it will offer a bonus of 2 million won ($ 1,826) per birth from 2022 to encourage couples to have children, and will pay 300,000 won ($ 2,110) per month until the child’s first birthday. Hong Nam-ki, deputy prime minister of economics and finance, said the government plans to pay a total of 196 trillion won between 2025 to increase the country’s birth rate. “We are at a critical point on the demographic front. The working population has decreased by 230 thousand this year to 37.36 million. Next year, this population will decrease by another 230 thousand. If we do not start now, we may face a population gap,” he said.