In a bold move to combat the world’s lowest birth rate, South Korea is offering financial incentives to encourage dating and marriage among its residents.
The Saha District in Busan has introduced a new program that provides residents with up to $38,000 as part of a strategy to reverse the country’s demographic decline.
With a record-low fertility rate of just 0.72 children per woman, South Korea faces a significant population challenge.
This initiative is designed to make family life more financially feasible and to encourage social connections through various events aimed at bringing like-minded individuals together.
READ ALSO: US, South Korea Launch Joint Military Drills to Counter North Korean Threats
The program is one of several measures being implemented to address South Korea’s demographic crisis and motivate younger generations to marry and start families.
The government hopes that these incentives will not only support couples financially but also help stabilize and eventually increase the nation’s declining population.
