President Yoon Suk-yeol convened a meeting June 19 to discuss the issue.
The maximum monthly compensation will be raised to 2.5 million won from 1.5 million won if a parent temporarily leaves a workplace to take care of a child.
The maximum monthly compensation will be raised to 2.5 million won from 1.5 million won if a parent temporarily leaves a workplace to take care of a child, the Finance Ministry said in a statement on June 19. The plan is among measures including easier housing loans, more babysitters and cheaper early education that are being put in place to stem a decline in the fertility rate, which hit a record low of 0.72 in 2023.
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