this post was submitted on 26 Feb 2024
275 points (96.9% liked)

World News

38987 readers
2085 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] autotldr@lemmings.world 6 points 8 months ago

This is the best summary I could come up with:


A South Korean firm is offering employees up to $75,000 to have children and help lift the country's ailing birth rate.

The announcement comes after Booyoung Group, a construction firm based in Seoul, earlier this month declared it would give a $75,000 per-child bonus to employees who have babies, CNN reported.

The company's employees have collectively had at least 70 children since 2021, so the firm is on the hook to disburse $5.25 million in cash to its workers, per CNN.

Like in China and Japan, South Korea's aging and increasingly imbalanced population means there could be a surge in retired older people who require medical care while the country's supply of younger workers dwindles.

South Korean President Yoon Suk Yeol on February 13 ordered his administration to develop tax incentives and subsidies for companies that encourage their employees to have children.

In Seoul, municipal authorities are giving $750 every month to parents who have children until their babies turn one year old.


The original article contains 305 words, the summary contains 163 words. Saved 47%. I'm a bot and I'm open source!