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Hanwha M&S birth support scheme surpasses 500 families, with employee satisfaction at 99%

From Dong-A Ilbo · () Korean

Translated from Korean and summarized by DistantNews. Read the original for the full story.

At a glance

News Named sources Outcome reported
  • Hanwha M&S’s childcare support scheme has reached 513 employee families after providing a tax-free 10 million won payment for every birth without a limit on the number of claims.
  • The program expanded from eight affiliates to 16, and employees have used the money for housing, vehicles, childcare goods and other family expenses.
  • Ninety-nine percent of surveyed recipients said the benefit helped them balance work and family life, while 95% said it positively influenced decisions about having another child.

Hanwha M&S’s birth support program has now reached 513 employee families, nearly doubling its beneficiaries in eight months. The program pays 10 million won after tax for every child born, with no limit on the number of times employees can receive it.

The benefit began in January last year at eight affiliates, including Hanwha Galleria and Hanwha Hotels & Resorts, under the leadership of Kim Dong-sun, Hanwha M&S’s head of future strategy. It has since expanded across 16 companies, including Hanwha Vision and Ourhome. Ourhome recorded the most recipients, with 174, followed by Hanwha Hotels & Resorts with 91.

The company’s practical support led me to plan for a second child.

· Kim Tae-eunA Hanwha Hotels & Resorts employee described the program’s influence on her family planning.

Employees have used the payments for a range of family needs. Ourhome manager Kim Shin-young received 20 million won after the birth of twins in March and plans to use the money toward a move to a larger home. Hanwha Vision employee Geum Ji-su used the benefit to help prepare a home for her child. Others bought a premium stroller or replaced a vehicle with a seven-seat SUV for family trips.

Medical and postpartum care costs in the United States are more than twice as high as in South Korea, but the support greatly reduced the burden.

· Kim Geon-joThe head of Ourhome’s U.S. subsidiary explained how the benefit helped after the birth of his child.

The program also covers employees working overseas. Kim Geon-jo, head of Ourhome’s U.S. subsidiary, received the payment in Los Angeles after becoming a father in March. He said medical and postpartum care costs in the United States are more than twice as high as in South Korea, and the benefit eased the burden.

A survey of all 513 recipient employees found that 99% considered the support a practical help in maintaining work-life balance. Ninety-five percent said it had a positive influence on decisions about having another child, about 10 percentage points higher than in a survey conducted last July. Hanwha M&S said it would continue developing welfare programs that support employees and the company’s shared growth.

By supporting the births and childcare of more than 500 families, we once again confirmed the value of work-life balance.

· Hanwha M&S representativeThe company described the program’s reach and pledged to continue expanding it.
About this summary

Originally published by Dong-A Ilbo in Korean. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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