Seoul CNN —
A South Korean company is ready to pay million of dollars to help fix the country’s abysmally low birth rate.
Booyoung Group, a construction firm based in Seoul, plans to pay employees 100 million Korean won ($75,000) each time they have a baby, it said in a press release Monday. It will also pay a total of 7 billion Korean won ($5.25 million) in cash to employees who have had 70 babies since 2021, the company added.
The benefit is available to men and women, a company spokesperson told CNN.
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