Gov't desperate to raise historic low birthrate
The government seeks to provide benefits for households with more than two children to spur the country's low birthrate. Graphics by Cho Sang-wonBy Kim Hyun-binThe government is seeking to provide benefits to encourage families to have more children.Currently there are benefits for families who have three or more children, but the government is seeking to provide equal benefits for households with more than two children as a desperate countermeasure to raise the country's low birthrate.In October, the Presidential Committee on Aging Society and Population Policy is scheduled to release its third low-birthrate restructuring plan.Under the new plan, it is expected to include households with two children into the benefits package.The benefits include being first in line for apartment applications, better loan opportunities, reduction in the vehicle acquisition tax, state university scholarships, reductions in electricity and gas bills, and discounts for public transportation.However, there are only 510,000 households in the country accounting for less than 10 percent of families having
Sep 4, 2018