Cosmax Establishes Childbirth Incentive Program... "Joining Efforts to Solve Low Birthrate Crisis"

Expansion of Spousal Maternity Leave? Introduction of Childcare Leave

Cosmax, a cosmetics research, development, and manufacturing (ODM) company, is expanding its childbirth and childcare welfare benefits for employees.

According to Cosmax on the 5th, the company has established a childbirth encouragement fund and expanded leave policies for child-rearing. The core goal is to establish a systematic welfare system from birth through the childcare period.

Starting this month, Cosmax will provide 10 million KRW for the first child, 20 million KRW for the second child, and 30 million KRW for the third child to employees who give birth. Additionally, an automatic parental leave system will be introduced to allow employees to take leave during the child's birth and early childcare period. When an employee applies, parental leave will be automatically granted, creating a natural environment where both parents can take parental leave.

Female employees will receive an automatic six-month parental leave upon childbirth, while male employees will be granted a one-month "Dad’s Automatic Parental Leave" following their spouse’s childbirth leave. The spousal childbirth leave system will also be expanded to allow employees to selectively use it according to their childcare environment. This system permits up to an additional 10 days of unpaid leave beyond the legally mandated 10 days of basic leave granted for spousal childbirth.

Employees with children aged 8 or younger, or in the second grade or below in elementary school, will be granted an additional two days of paid "childcare leave" annually. This leave can be used for official events such as entrance ceremonies, graduation ceremonies, school performances, and sports days.

A Cosmax representative said, “We have expanded childbirth and childcare welfare benefits so that employees can fully enjoy the joy of their children’s birth and growth,” adding, “Cosmax will continue to practice environmental and sharing management and lead the creation of a corporate culture where work and family coexist.”

Cosmax is an ODM company with a global network in eight countries including China, the United States, Japan, Indonesia, Thailand, Vietnam, Malaysia, and France. It collaborates with over 3,300 clients domestically and internationally to showcase K-beauty products worldwide.

This content was produced with the assistance of AI translation services.