South Korea's $14,000 Marriage Incentive: A Fight Against a Declining Birth Rate

South Korea's declining birth rate is a pressing issue, prompting the government to implement financial incentives to encourage marriage. One district in Busan offers singles approximately $340 to spend on dates and a substantial $14,000 if they marry. This is in addition to existing housing subsidies, pregnancy expenses, and international travel costs, all aimed at boosting the birth rate. However, a recent survey reveals that roughly 60% of working South Koreans believe it's acceptable not to marry, citing rising living costs and long work hours as primary reasons. "They cite rising living costs, long work hours, and barriers for women re-entering the workforce after childbirth," explains Cordilia James, WSJ reporting assistant. Despite the challenges, several districts are organizing matchmaking events to help singles connect. These events involve ice-breaking games and consultations with dating coaches, aiming to foster meaningful relationships. While the long-term success remains uncertain, the government's persistent efforts showcase its determination to address this demographic crisis.