SEOUL, Oct. 12 (Korea Bizwire) — The number of state employment insurance subscribers in the service sector topped 10 million last month for the first time since the insurance scheme was introduced 26 years ago, government data showed Tuesday. According to the Ministry of Employment and Labor, more than 10 million service sector workers were [...]
SEOUL, Sept. 24 (Korea Bizwire) — South Korea plans to allow delivery workers and designated drivers to receive benefits from the employment insurance system starting next year as the government seeks to expand the labor safety net, a senior government official said Friday. It is part of the government’s plan to expand the employment insurance [...]
SEJONG, Sept. 14 (Korea Bizwire) — Subscriptions to the state employment insurance fell steeply in the accommodation and food service industries last month amid strict social distancing rules prompted by the fourth wave of COVID-19, the labor ministry said Tuesday. The number of subscribers in the lodging and food service sectors stood at 648,000 in [...]
SEOUL, Sept. 1 (Korea Bizwire) — The government on Wednesday decided to raise the rate of workers’ employment insurance next year as the state employment insurance fund is on the verge of being depleted amid the prolonged coronavirus pandemic. The labor ministry’s employment insurance fund committee held a meeting and ratified the decision to raise [...]
SEOUL, July 12 (Korea Bizwire) — The number of employment insurance subscribers posted the largest year-on-year increase in 19 months in June in a sign of recovery of the pandemic-hit job market, government data showed Monday. According to the Ministry of Employment and Labor, there were 14.33 million subscribers to the state insurance plan last [...]
SEOUL, June 30 (Korea Bizwire) — Non-standard contract employees, such as parcel delivery workers, home tutors and insurance salespersons, will be newly included among employment insurance beneficiaries, beginning in July, the Ministry of Employment and Labor said Wednesday. The ministry said a revision of the Employment Insurance Act aimed at making workers in 12 non-standard [...]
SEOUL, May 10 (Korea Bizwire) — The number of people subscribing to state employment insurance rose in April by the highest figure since before the pandemic, the labor ministry said Monday. According to the ministry, nearly 14.2 million people had employment insurance last month, up 422,000, or 3.1 percent, from April 2020. The increase was [...]
SEOUL, Feb. 8 (Korea Bizwire) — Subscriptions to state employment insurance increased by the smallest number in 17 years in January amid the third wave of the coronavirus pandemic, the labor ministry said Monday. The number of subscribers reached 13.84 million in January, up 151,000, or 1.1 percent, from the same month last year, according [...]
SEOUL, Dec. 1 (Korea Bizwire) — The Cabinet approved a revised regulation Tuesday to expand the coverage of the state employment insurance program to artists. The labor ministry said artists who are in a work contract and earn at least 500,000 won (US$450) per month will be eligible under the amended executive ordinance of the [...]
SEOUL, July 20 (Korea Bizwire) — South Korea plans to put all working citizens under employment insurance coverage by 2025 as part of its ambitious policy project aimed at overcoming the new coronavirus pandemic, the labor minister said Monday. With the plan, some 21 million people are forecast to be covered by the state employment [...]