SEJONG, Feb. 21 (Korea Bizwire) – The South Korean government is planning on new measures to support the livelihood of low-income families, who are among those suffering the most from the country’s recent economic struggles. According to officials, South Korea’s household credit jumped by 11.7 percent in 2016 compared to the year prior, setting a [...]
SEOUL, Jan. 23 (Korea Bizwire) – South Korea is pushing to revise its national health insurance program to halve the fees for low income earners in an effort to make health care more affordable, officials said Monday. The Ministry of Health and Welfare released a revision to the national health insurance system, subject to parliamentary [...]
SEOUL, Jan. 29 (Korea Bizwire) – Escaping from the bondage of poverty is becoming harder than ever in Korea. The income ladder stands still for households consisting of those who have no ability to work like the elderly and handicapped, or those who do temporary manual jobs, with little possibility of upward mobility. According to [...]