So instead of looking for the root cause of the problem (probably many factors, not just one), the government is doing what a stupid government is always doing: throw some money at the problem hoping it will be effective enough to win the next election. It is not solving any problem, just rolling it for later.

SK has a huge demographic problem; this one cannot be fixed later, when people are in their 40-es or even 50-es they cannot have babies anymore. Also giving money to 9 year old to socialize is weird, one would rather have them do team activities like sport or boy/girl/mixed scout, not give money - what financial culture does a 9-year old have?