South Korea has implemented various financial incentives to encourage dating and marriage, aiming to address its low birthrate. In Busan's Saha-gu district, newlyweds can receive a housing deposit of 30 million won or a monthly rent subsidy of 800,000 won for up to five years. Additionally, couples who successfully match and marry through the program can receive total funding ranging from 53 million to 71 million won. citeturn0search0 In Seoul, newly married couples have access to free wedding halls at 22 venues and can receive up to 1 million won to spend on the wedding. Furthermore, couples can pay just 10,000 won in rent per month for their new home after marriage.

As of March 5, 2025, the exchange rate is approximately 1 South Korean won equals 0.00068538 US dollars. citeturn0search1 Using this rate, the incentives convert to approximately:

- **Busan's Saha-gu district:**

  - **Housing deposit:**

    - 30,000,000 KRW × 0.00068538 USD/KRW ≈ 20,561 USD

  - **Monthly rent subsidy:**

    - 800,000 KRW × 0.00068538 USD/KRW ≈ 548 USD

    - Over five years (60 months): 548 USD/month × 60 months = 32,880 USD

  - **Total funding for matching and marrying:**

    - 53,000,000 KRW × 0.00068538 USD/KRW ≈ 36,324 USD

    - 71,000,000 KRW × 0.00068538 USD/KRW ≈ 48,683 USD

- **Seoul:**

  - **Wedding support:**

    - 1,000,000 KRW × 0.00068538 USD/KRW ≈ 685 USD

  - **Monthly rent for new home:**

    - 10,000 KRW × 0.00068538 USD/KRW ≈ 6.85 USD

These incentives reflect South Korea's efforts to encourage marriage and address its demographic challenges.