MANAGEMENT & STRATEGY
How Booyoung Group Became a 'Respected Company'
In 2024, Booyoung Group became the first in South Korea to introduce a childbirth incentive of 100 million won per child, distributing a cumulative 13.4 billion won through 2026, while the number of newborns within the company increased from an annual average of 23 to 28. The condition-free design—which provides funds even to those who give birth on their first day of work and imposes no obligation to return the money upon resignation—proved the sincerity of the system, and that trust returned as a recruitment competitiveness of up to 180 to 1 in open recruitment. A company's internal welfare led to the legislation of '100% tax exemption for childbirth support funds' and spread across peer industries such as Krafton and KAI, moving beyond a one-off event to influence national policy and the broader industrial sector. The childbirth incentive is a branch of consistent social contribution functioning as a foundation where people grow and stay, following rental housing and educational donations, serving as an example where the core business and social responsibility point in the same direction. However, the absolute sole-proprietorship governance that made all these decisions possible is also the two-sided risk of a lack of checks and balances, and sustainable respect is completed not through the buzz of good deeds, but through transparent governance and core business competitiveness.

In 2024, Booyoung Group became the first in South Korea to introduce a childbirth incentive of 100 million won per child, distributing a cumulative 13.4 billion won through 2026, while the number of newborns within the company increased from an annual average of 23 to 28. The condition-free design—which provides funds even to those who give birth on their first day of work and imposes no obligation to return the money upon resignation—proved the sincerity of the system, and that trust returned as a recruitment competitiveness of up to 180 to 1 in open recruitment. A company's internal welfare led to the legislation of '100% tax exemption for childbirth support funds' and spread across peer industries such as Krafton and KAI, moving beyond a one-off event to influence national policy and the broader industrial sector. The childbirth incentive is a branch of consistent social contribution functioning as a foundation where people grow and stay, following rental housing and educational donations, serving as an example where the core business and social responsibility point in the same direction. However, the absolute sole-proprietorship governance that made all these decisions possible is also the two-sided risk of a lack of checks and balances, and sustainable respect is completed not through the buzz of good deeds, but through transparent governance and core business competitiveness.
How Booyoung Group Became a…
KBR Access
Insight 4.0 content is available to Standard members and above
This content is available to Standard members and above. Standard unlocks general membership content including Insight 4.0, Policy Insight, and Global Radar.
FREE ACCOUNT · NO CARD REQUIRED
Create a free KBR account
Creating a KBR account is free and takes about a minute — no card required. You'll come straight back to this page once you're done.
KBR NEWSLETTER
Sign up for free and get the KBR Newsletter!
Sign up and opt in to the newsletter to receive KBR's curated business and economic insights by email.
LATEST IN TOPIC
Latest in this topic
Nike's Direct Sales Shrink While Wholesale Grows: Why Owning Customer Touchpoints and Acquiring Customers Are Different
Volkswagen's 100,000 Job Cuts: The Negotiation Structure That Moved the Supervisory Board and UnionsRELATED CONTENT
Related Content
How Far Can AI HR Innovation Go? Application Areas and Deployment Methods Through the Cases of IBM, Schneider Electric, and Unilever
StandardWhy Those Who Want to Be Leaders Differ from Those Who Lead Teams Well
StandardDuolingo's 23% User Growth vs. 18% Revenue Increase: When Do Customer Habits Turn Into Profit?
StandardSetting Up an AX Organizational Transition: Start with Standards for Workflows, Data, Authority, and Performance

