Family Support in South Korea: Massive Subsidies for Newlyweds in Pusan

The city of Pusan, Republic of Korea, has established a record-breaking subsidy of $200,000 for newborn babies. The city administration is also providing $33,200 to couples getting married and covering their honeymoon expenses. These family financial aid measures provided by the authorities are expected to serve as a model for other cities in the region. The aim is to boost confidence in the city's future and encourage an increase in the number of young families.