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A South Korean Company is Offering Its Employees $75,000 For Each New Baby

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A South Korean firm is offering its employees a cash bonus for each new baby to address the country’s critical low birth rate.

The Booyoung Group will pay employees 100 million Korean won ($75,000) per baby, available to both men and women.

Employees with three babies can choose 300 million Korean won ($225,000) cash or rental housing if the government provides land.

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