South Korea is trying to reverse its record-low birth rate by encouraging more people to date, marry and start families. One of its most ambitious initiatives comes from Saha District in Busan, where eligible singles aged 24 to 43 who live or work in the district can join a government-backed matchmaking programme after completing an application, screening and interview process.
If two participants agree to date, each receives 500,000 won (about US$360). Couples who go on to marry receive an additional 20 million won as a marriage gift. Newlyweds can also choose between 30 million won toward a housing deposit or 800,000 won per month in rent support for up to five years.
Combined, the incentives can be worth around US$38,000, depending on the benefits a couple qualifies for.
Would financial incentives like these encourage more people to get married and have children?
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