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by diveandfight 1156 days ago
Korea already provides a subsidy of ~$230/month to families with infants in their first year.

https://www.npr.org/2023/03/19/1163341684/south-korea-fertil...

2 comments

this doesn't seem like a lot tbh. What is it afterwards? Is it expected that the woman abandons her job and only cares for the child? There are a lot of costs involved
Laughable peanuts. What's the realistic burden of raising a child from 0 to 22 years in a developed country (including college)? $300-500k last I checked, possibly even more.

How much of that is covered by that $230 subsidy?

It's not peanuts. It's around 15% of the average yearly net salary of younger workers.

>$300-500k last I checked, possibly even more.

Not in Korea. Probably $100k-$250k.