South Korea fertility-rate crisis: country giving out cash to rich people
Because of the dropping fertility rate, or the number of children a person is most likely to have in their life, South Korea’s population is expected to begin decreasing in the next 10 years.
South Korea has one of the lowest fertility rates in the world.
The country’s government recently expanded its cash subsidies for parents with young children to the richest 10% of the population.
Starting in late 2019, parents with children below the age of 8 will also be allowed to spend one less hour at work each day to have more time with their children.
Business Insider