South Korea: To combat its record-low birth rate, South Korea is offering up to $38,000 USD in financial support to couples who get married. The country’s fertility rate dropped to just 0.72 births per woman, prompting urgent government action.
Busan’s Multi-Stage Marriage Incentive
In Saha District, Busan, a new program gives:
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₩500,000 ($360) for participating in dating events
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₩20 million ($14,400) upon marriage
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₩30 million housing deposit support or ₩800,000/month rent support for 5 years
This brings the total to around ₩53 million (≈ $38,000) for eligible couples.
Other Regions Join the Effort
Seoul plans to give ₩1 million ($720) to newlyweds starting in late 2025. Rural areas like Geochang and Sunchang offer ₩600,000 to ₩10 million/year to attract young couples.
Public Response & Challenges
Experts say cash isn’t enough. South Korea also needs to address issues like:
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High cost of living
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Long working hours
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Gender inequality and career setbacks for mothers
Participation has been lower than expected, with cultural and economic concerns still preventing many from marrying.
