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South Korean Firm Offers $75,000 for Baby Bonus
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Booyoung Group, a South Korean company, offers $75,000 to its workers for each baby they have, aiming to alleviate financial burden in child rearing. This initiative, along with existing government and private programs in China, reflects a broader trend of financial incentives to encourage larger families.
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How might such financial incentives impact birth rates in South Korea and China?
In what ways could similar programs be implemented in other countries to address childbirth-related challenges?
What are the potential social and economic implications of such initiatives on families and society?
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