The number of people covered by state-run employment insurance showed the sharpest increase in South Korea in seven years in March thanks to the government’s pro-labor policy to enhance welfare of the workers. The Ministry of Employment and Labor announced Monday that the number of people holding employment insurance coverage rose 4.1 percent in March to 13.5 million from the same month a year ago. The figure added 530,000 from the previous month, the fastest growth since February 2012.
State benefit to subsidize living expenses for people between jobs hit an all-time high of 625.6 billion won ($557.2 million) in January in South Korea amid worsening job situation.
According to data released by the Ministry of Employment and Labor on Sunday, the Korean government in January paid out 625.6 billion won to 466,000 people who lost jobs against their will. Both the payout sum and the number of recipients jumped by double digits from the same month last year – 38.8 percent and 15.1 percent, respectively – to hit record-highs.
Unemployment benefits hit a record high last year, government data showed Sunday, in a sign of how hard it is to find a job amid the economic slowdown.
The government paid unemployment benefits worth 6.68 trillion won ($5.9 billion) to 1.39 million people in 2018, compared with 3.68 trillion won paid to 1.23 million people in 2010, according to the data compiled by the Ministry of Employment and Labor.
Creating a safe environment and increasing support programs for the needy and the unemployed will be one of the key focuses this year, President Moon Jae-in said.
Lawmakers on Thursday passed a bill to strengthen support for defectors from North Korea who settle in South Korea.
The bill will extend the time they have to apply for resettlement benefits when they arrive South Korea from one year to three.
South Korea said Wednesday that it will raise the monthly benefits for paid parental leave from Jan. 1 onward as part of its efforts to boost the country's chronic low birthrate. The maximum amount of monthly payment for those who take paternity leave will be set at 2.5 million won ($2,200) from the current 2 million for three months.
South Korea has seen its biggest increase in the number of people claiming unemployment benefits with the combined state expenses to support job seekers expected to reach a record level, government data show.
The total number of South Koreans claiming job seeker's allowance rose to 384,000 last month, a 15 percent increase from a year before. Some 80,000 people applied for the allowance for the first time in November, a 7 percent increase from 2017, according to the Ministry of Employment and Labor.
Using a nationally representative sample dataset from the 2016 Korean Welfare Panel Study, we examined the anti‐poverty effects of income transfers in people with disabilities. Our findings indicate that in households with a person with a disability, income transfers decreased by 55.9% and 84.8% of the pre‐transfer poverty rate and poverty gap, respectively. Before income transfers, households with a person with a disability were 1.94 times more likely to be poor compared to those without a person with a disability.