Child care subsidies to be expanded in S. Korea to tackle low birthrate
- 3 years ago
2022년부터 0∼1세 영아수당 월 30만원…출산시 200만원 축하금
A one-off, up to 27-hundred U.S. dollars for expecting parents. A monthly check of 275 for all infants until their first birthday. These are just a few perks of a new set of measures announced by South Korea today to turn around the country's low birthrate.
The expanded child care subsidies include money to offset hospital bills... and supplement incomes during parental leave.
To pay for it, the government will set aide around 180 billion U.S. dollars through the year 2025.
Choi Jeong-yoon has more.
The South Korean government at Tuesday's Presidential Committee announced a expansion package to subsidize child care...with the aim of tackling the country's low birth rate.
Starting 2022, households with infants below the age of one will receive 300-thousand Korean Won, or roughly 275 U.S. dollars every month.
This will be gradually increased to around 460 dollars by the year 2025.
The government will also doll out 2 million-won or around 1-thousand-830 dollars to women who give birth... to help cover parental expenses.
This comes with an increase of over 900 dollars to the current 550 dollars in congratulatory allowances.
The package also includes extra perks for working parents, aimed at increasing the number of couples who go on parental leave to 200-thousand by 2025.
In 2019, a total of 105-thousand people were either on maternity or paternity leave.
Under the new package, couples with a child less than 12 months old can each receive up to 2-thousand-750 dollars of their monthly salary if both parents take a three month-leave from work.
The amount of money decreases depending on the period of leave and to the lowest amount if only one parent takes time off.
Also, the government will supply more than 27-thousand rental homes over the next five years for families with multiple children...and will gradually change the standard for the so-called "multiple children families" from the current three to two.
Hong Nam-ki the Minister of Economy and Finance wrote on his Facebook page that the country cannot avoid a demographic drop-off, unless preparations are made now.
The government will inject 180-billion dollars by 2025 to counteract to low birth rate issue.
Choi Jeong-yoon, Arirang News.
A one-off, up to 27-hundred U.S. dollars for expecting parents. A monthly check of 275 for all infants until their first birthday. These are just a few perks of a new set of measures announced by South Korea today to turn around the country's low birthrate.
The expanded child care subsidies include money to offset hospital bills... and supplement incomes during parental leave.
To pay for it, the government will set aide around 180 billion U.S. dollars through the year 2025.
Choi Jeong-yoon has more.
The South Korean government at Tuesday's Presidential Committee announced a expansion package to subsidize child care...with the aim of tackling the country's low birth rate.
Starting 2022, households with infants below the age of one will receive 300-thousand Korean Won, or roughly 275 U.S. dollars every month.
This will be gradually increased to around 460 dollars by the year 2025.
The government will also doll out 2 million-won or around 1-thousand-830 dollars to women who give birth... to help cover parental expenses.
This comes with an increase of over 900 dollars to the current 550 dollars in congratulatory allowances.
The package also includes extra perks for working parents, aimed at increasing the number of couples who go on parental leave to 200-thousand by 2025.
In 2019, a total of 105-thousand people were either on maternity or paternity leave.
Under the new package, couples with a child less than 12 months old can each receive up to 2-thousand-750 dollars of their monthly salary if both parents take a three month-leave from work.
The amount of money decreases depending on the period of leave and to the lowest amount if only one parent takes time off.
Also, the government will supply more than 27-thousand rental homes over the next five years for families with multiple children...and will gradually change the standard for the so-called "multiple children families" from the current three to two.
Hong Nam-ki the Minister of Economy and Finance wrote on his Facebook page that the country cannot avoid a demographic drop-off, unless preparations are made now.
The government will inject 180-billion dollars by 2025 to counteract to low birth rate issue.
Choi Jeong-yoon, Arirang News.