Starting 2024, parents of infants will receive 1 million won monthly childcare subsidy
Ahn Cheol-soo, chairman of President-elect Yoon Suk-yeol's transition committee, gives a presentation of the incoming Yoon Suk-yeol government's 110 policy proposals, during a press conference in Seoul's Jongno District, Tuesday. Joint Press CorpsTransition committee unveils 110 policy proposals By Jung Da-minParents with infants who are 11 months old or younger will receive a monthly financial subsidy of 1 million won ($789) starting in 2024, according to Ahn Cheol-soo, chairman of the presidential transition committee, Tuesday.The subsidy for parents of infants, aimed at stopping the nation's falling birthrate, is one of the 110 policy proposals unveiled by the transition committee for the incoming Yoon Suk-yeol government during a press conference held at the committee's office in central Seoul. The 1 million won support for infants and their parents was included as part of a welfare policy for socially vulnerable groups, including low income earners, children, the elderly and the disabled, aimed at improving income inequality.Starting next year, parents of infants will be given 7
May 3, 2022