childcare

South Korean Company Pioneers 24/7 Childcare To Retain Staff

childcare

CHILDCARE

Related link: Japan City Encourages Male Childcare Leave In SMEs

Hana Financial Group has revealed a substantial commitment of 30 billion won (US$22 million) for the operation of 50 childcare centres throughout the nation over the next five years, marking a first for the financial services sector in South Korea.

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This programme provides working parents with much-needed help, thereby addressing the issue of South Korea’s dropping birth rate. Employees with non-traditional work patterns will have flexibility because three of the fifty centres will be open around-the-clock. The remaining 47 facilities, which are open from 9 a.m. to 6 p.m., will serve weekend and holiday customers.

In a first for the financial services industry in South Korea, Hana Financial Group has disclosed a significant commitment of 30 billion won (US$22 million) for the operation of 50 childcare centres around the country over the next five years.

Related link: Paternity Leave Sharing At Large Companies Now Required

Hana spoke on the difficulties working parents, especially mothers, have in striking a balance between their professional obligations and the demands of raising a child. She also underlined the initiative’s beneficial effects on attaining a better work-life balance after childbirth.

A woman showed her appreciation at the launch event by stating, “Although having a child was a joy, it has been a source of great concern with my career on the line.” Like a lot of other parents, I will gladly utilise the programme in an emergency.

Related link: Japan City Encourages Male Childcare Leave In SMEs

In addition, Hana runs the Hana Mom Care Centre at the group headquarters, which offers nursing rooms to expectant mothers and new moms. Furthermore, according to The Korea Times, Hana and its affiliates offer the Hana Grand Hall, a free wedding location for workers, firefighters, small company owners, single parents, and multicultural families.

Ham Young-joo, Chairman of the Hana Financial Group, finished by saying, “Since 2018, Hana Financial has been committed to building 100 daycare centres.” The quality of nursery will go up thanks to our work. The goal of this project is to help parents who are having trouble finding daycares that are open outside of normal work hours.

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