Parents of children 5 and under get 100,000 won monthly allowance starting Friday
Social affairsSept 18, 2018
Most parents of children aged up to 5 will be given a monthly allowance of 100,000 won ($88) per child starting from Friday, with the exceptions of some high-earners and overseas residents, the country’s Welfare Ministry said.Of 2.3 million applications submitted from June 20 to Sept. 14, 1.9 million have been accepted for the allowance scheme aimed at boosting the country’s critically low birthrate. This means 94.3 percent of all South Korean children aged up to 5 will benefit from the program,