Effort to tackle low birthrates in South Korea

Amid South Korea's birthrate crisis, a regional hotel in Gangwon-do Province has decided to offer up to 76,000 USD to employees having children in an effort to tackle low birthrates and expand the hotel's social contribution.

In the past 2 years, the hotel is giving out childbirth support funds to two employees who gave birth for the first time. Starting 2024, the hotel has decided to offer 50 million won to employees who have their first child and another 50 million won for a second child. If employees want to buy a house, the hotel also offers interest free loans for up to 200 million won.