- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
South Korean Billionaire offering 75k bonus to employees for having children
Posted on 2/29/24 at 10:47 pm
Posted on 2/29/24 at 10:47 pm
South Korea is facing huge birth rate issues.
In addition to the childbirth incentive, Booyoung Group is reportedly already trying to ease the financial burden on parents by helping out with college tuition for employees’ children, medical expenses for direct family members, and child allowances.
LINK
quote:
The Seoul-based firm is handing out 100 million Korean won ($75,000) each time an employee has a baby to help reverse the country’s declining birth rate—and it’s even backdating payments to those who started a family before the policy came into place.
“If the current state of low birth rates persists, we will face a national existential crisis such as workforce decline and a lack of defense manpower necessary for national security,” Lee Joong-keun, the founder and chairman of Booyoung Group, said at a staff meeting, according to multiple reports.
“The low birth rate results from financial burdens and difficulties in balancing work and family life, so we decided to take such a drastic measure.”
As well as awarding a total of 7 billion Korean won ($5.25 million) to employees who collectively had 70 babies since 2021, the construction giant’s “drastic” measures include potentially footing the bill for larger families’ rent.
“If land is provided by the government, for employees with three or more children, we’ll let them choose between a childbirth incentive equivalent for three newborns or a public-housing-like rental home [with no tenant tax burden or maintenance responsibilities],” the 84-year-old billionaire added.
In addition to the childbirth incentive, Booyoung Group is reportedly already trying to ease the financial burden on parents by helping out with college tuition for employees’ children, medical expenses for direct family members, and child allowances.
LINK
This post was edited on 2/29/24 at 10:50 pm
Posted on 2/29/24 at 10:50 pm to Corinthians420
Billionaire pays for sex. Film at 11
Posted on 2/29/24 at 10:56 pm to Corinthians420
I’m heading that way next week. No one tell them I’ve been snipped.
Posted on 2/29/24 at 11:17 pm to Corinthians420
I’m concerned this is the end state of our social and economic model.
Posted on 2/29/24 at 11:22 pm to Corinthians420
So someone is paying for other people to have children? Welcome to what the tax payers have been doing here for years. I hope this South Korean fella likes names that start with Da' and La'.
Posted on 2/29/24 at 11:25 pm to Lima Whiskey
So now South Korea is facing the same problem as Japan, china, Russia, Italy, etc. Low birth rates. Good luck finding a solution. No one else has.
Posted on 2/29/24 at 11:30 pm to Corinthians420
Antonio Cromartie wants to know if they hiring
Posted on 2/29/24 at 11:54 pm to Cycledude
quote:
o now South Korea is facing the same problem as Japan, china, Russia, Italy, etc. Low birth rates. Good luck finding a solution. No one else has.
Pretty much every industrialized country including the US is facing this dilemma. Mexico is one of the only industrialized countries that has a healthy population distribution. Only problem is they're all coming to the US.
Posted on 2/29/24 at 11:59 pm to Cycledude
quote:
So now South Korea is facing the same problem as Japan, china, Russia, Italy, etc. Low birth rates. Good luck finding a solution. No one else has.
America has, illegal immigration
at least thats the only explanation I can think of for what is going on at the border
This post was edited on 3/1/24 at 1:20 am
Posted on 3/1/24 at 5:53 am to armytiger96
quote:
Only problem is they're all coming to the US.
Thus stabilizing the population distribution in the US
Posted on 3/1/24 at 7:19 am to Corinthians420
I’ll give it a go in the name of the South Korean economy!
This post was edited on 3/1/24 at 7:25 am
Posted on 3/1/24 at 7:24 am to Corinthians420
They should just follow the Biden plan and import a bunch of illegal from third world countries.
Posted on 3/1/24 at 7:24 am to Corinthians420
You’re still losing money bigly
Posted on 3/1/24 at 7:31 am to Corinthians420
A better incentive would be to lower their work schedule from 60+ hours a week to 40 hours a week so they have enough time in their life to raise a family. It’s the insane work schedule that’s causing the birth crisis in Korea and Japan.
What percentage of college students are married and raising a family while they’re in school? It’s extremely low, right? There’s too much going on with their lives between going to classes and studying and working while still trying to have down time for extracurricular activities. That’s basically what the average schedule is like for Korean and Japanese citizens. Throwing money at the problem won’t fix anything.
What percentage of college students are married and raising a family while they’re in school? It’s extremely low, right? There’s too much going on with their lives between going to classes and studying and working while still trying to have down time for extracurricular activities. That’s basically what the average schedule is like for Korean and Japanese citizens. Throwing money at the problem won’t fix anything.
Posted on 3/1/24 at 7:40 am to Corinthians420
North Korea be like
Dayyyuuumn our guy sucks
Dayyyuuumn our guy sucks
Posted on 3/1/24 at 7:44 am to Corinthians420
Better than importing criminals.
Posted on 3/1/24 at 7:45 am to Corinthians420
South Korea is way past the point of no return. Their women are very intensely feminist in their views and the entire culture is deeply status obsessed.
Posted on 3/1/24 at 7:45 am to TDsngumbo
quote:
I’ll give it a go in the name of the South Korean economy!
I’ll volunteer my services for the good people of South Korea.
(I figure I could keep up the game for a while before they realize I’ve been snipped)
Popular
Back to top
Follow TigerDroppings for LSU Football News