SEOUL, July 18 (Korea Bizwire) – President Moon Jae-in’s ambitious policy project aimed at helping overcome the new coronavirus pandemic is expected to include expansion of employment insurance coverage and fostering of IT jobs for young job seekers. Earlier this week, Moon announced plans to invest 160 trillion won (US$133 billion) by 2025 to create [...]
SEOUL, July 8 (Korea Bizwire) — Non-standard contract employees, such as home-visit tutors and insurance salespersons, will likely be included among employment insurance beneficiaries, beginning next year, as part of the government’s universal employment insurance scheme to cover all working people, the Ministry of Employment and Labor said Wednesday. The ministry said it has begun [...]
SEOUL, June 4 (Korea Bizwire) — South Korea’s state employment insurance scheme could run out of money this year if the novel coronavirus continues to hit the country’s job market until year-end, a report said Thursday. The report from the National Assembly Budget Office estimated that the number of unemployment benefit recipients could reach 1.84 [...]
SEOUL, May 21 (Korea Bizwire) — The government plans to prepare a roadmap for a universal employment insurance system by the end of the year, the labor minister said Thursday. “The government plans to provide a roadmap by the end of this year to clear any blind spots in the universal employment insurance system,” Labor [...]
SEOUL, May 11 (Korea Bizwire) — President Moon Jae-in officially announced that the government will push for universal employment insurance. In a special address delivered Sunday to mark the third anniversary of his inauguration, Moon said the government will “establish the cornerstone for an era of universal employment insurance.” “We will work to quickly bring [...]
SEOUL, May 8 (Korea Bizwire) — A debate has been brewing here over whether to expand the national employment insurance program to cover all working people as the coronavirus pandemic is expected to take a toll on the already strained job market. South Korea’s ruling party and the presidential office raised the need to enhance [...]