Booyoung pays $75,000 childbirth bonus even to day-old hires

Booyoung Group’s 100 million won ($75,000) childbirth bonus has already drawn wide attention in South Korea, where the world’s lowest birth rate has fueled a scramble for ideas to encourage families to have more children. But newly revealed details suggest the construction-focused conglomerate’s policy is even more generous than many realized. Booyoung founder and chairman Lee Joong-keun said Tuesday the group has paid the full bonus even to an employee who gave birth just one day after joining

By The Korea Herald