S Korean builder Booyoung offers employees US$75,000 per birth ...Middle East

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SEOUL: South Korean builder Booyoung Group said Monday it will provide employees with 100 million won (US$75,000/RM356587.50) per birth to help boost the country’s record-low birth rate.Booyoung has distributed a total of 7 billion won among 70 employees, regardless of gender, who have one child or more since January 2021, Yonhap news agency quoted the company as saying in a statement.The company will stick to the incentive programme while planning to provide 300 million won or a permanent rental apartment for the third child given birth to by Booyoung employees, it said.It is the first time for a South Korean company to give such a high fertility incentive in cash to its workers.“With the c

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Last updated : 05 February 2024 clock 11:44 AM

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S Korean builder Booyoung offers employees US$75,000 per birth ...Middle East

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