Confronted with the world’s lowest birth rate, South Korea is rolling out financial incentives to tackle its demographic challenges.
A new program in Busan’s Saha District offers residents up to $38,000 to encourage dating and marriage, aiming to boost the number of couples tying the knot.
This initiative is part of a broader effort to address the nation’s severe population decline, with the fertility rate plummeting to just 0.72 children per woman.