[Moment to Focus] Monthly 'parental pay' granted for 1st time

Monthly 'parental pay' granted for 1st time

A notice on the payment of monthly benefits to parents with infants aged 0-1 is posted on a community service center in Seoul on Jan. 25, 2023. The government introduced the "parental pay" to support such parents and encourage child births amid the country's low birthrate. Parents with children aged 0 and 1 receive 700,000 won (US$568.18) and 300,000 won per month, respectively. The pay will increase to 1 million won and 500,000 won next year, respectively. (Yonhap)

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