SEOUL, July 22 (Korea Bizwire) — Gyeonggi Province Gov. Lee Jae-myung, the front-running presidential contender for the ruling Democratic Party, made a campaign pledge Thursday to distribute universal basic income of up to 2 million won (US$1,736) per year to all citizens. “Within the (five-year) term of the next administration, (I) will provide 2 million [...]
SEOUL, March 24 (Korea Bizwire) — Gyeonggi Province, which surrounds Seoul, announced Tuesday it will pay 100,000 won (US$79.85) per person to all its residents in April to cope with the economic impact of the coronavirus outbreak. Gyeonggi will be the first local government in South Korea to provide universal “anti-disaster basic income,” while a [...]
SEOUL, Apr. 5 (Korea Bizwire) — Seoul Mayor Park Won-soon was given a true surprise gift by a Chinese guest making a friendly visit to South Korea on Friday — a portrait of a political rival. Ma Xingrui, governor of the southern Chinese province of Guangdong, and a delegation of the province’s business leaders visited [...]