The government is already subsidizing families with children. 700,000 won ($528) per month up to age of one, and 350,000 won ($264) per month up to the age of two. It's certainly a nice to have but not enough.
Agree, it sounds like peanuts. Probably still better than nothing on net but substantially raising this subsidy is the first thing to do if making a serious attempt to improve things for families.