PubG owner is paying employees $70,000 to have children

Korea’s largest gaming company Krafton will its workers 100 million won, about $70,000, if they have children during their tenure at the company. The company that owns the popular online gaming franchise, PubG, will pay 60 million won as a lump sum, and 5 million won annually for eight years, as per media reports from South Korea.The Seongam-based game publisher will reveal the details of this programme later this month. Krafton is not the first Korean company to announce such a programme.

Last year, The $44 billion Booyoung Group, involved in the construction sector, announced a similar incentive for its employees in February 2024. Many Korean companies are offering sops to improve the abysmally low birth rate in one of Asia’s most advanced economies.
In 2023, there were 230,000 births South Korea, 7% less than a year earlier, according to official data. The fertility rate fell to 0.72 in 2023 from 0.78 the year before. The country needs a fertility rate of 2.1 to maintain its population.At the current rate, the country’s population may halve by the end of the century from its current count of 51 million.