South Korea, which has the world’s lowest birth rate, is turning to financial incentives in an effort to reverse its demographic slide.
The Saha District of Busan has launched a new scheme that rewards residents up to $38,000 for courting and marriage. This campaign is part of a larger attempt to address the nation’s dwindling population, as the fertility rate has reached a historic low of 0.72 children per woman.
The initiative’s goal is to make family life more accessible and financially sustainable, while also creating connections through a range of social activities aimed to bring like-minded people together.
This program is part of a larger strategy to address the country’s demographic crisis and increase the population by encouraging young people to marry and have children.
