Booyoung Group has designed the scheme in a bid to try to help reverse South Korea’s declining birth rate - and the company is even backdating payments to those who started a family before the policy came into place

A billionaire boss is handing employeesthe equivalent of £60,000 if they have choose to have a baby.

Booyoung Group, a construction firm, says the policy is designed to try to help reverse South Korea’s declining birth rate. It is even backdating payments to those who started a family before the policy came into place.