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Al Jazeera
Al Jazeera
Business
Raphael Rashid

South Korea has so few babies it is offering new parents $10,500

Cho Nam-hee [left] and Kwon Jang-ho often sit down together to budget the monthly costs of raising their 17-month-old son, Ju-ha [Raphael Rashid]

Ilsan, South Korea – In their apartment on the outskirts of Seoul, Kwon Jang-ho and Cho Nam-hee sat down recently at the kitchen table to work out the monthly budget for their 17-month-old son, Ju-ha.

“Raising a baby in Korea can be affordable if you don’t buy unnecessary stuff and take advantage of government support,” Kwon, who works as a broadcaster with a local radio station, told Al Jazeera, while poring over the numbers.

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