SEOUL, April 5 (Korea Bizwire) — The Ministry of the Interior and Safety said Monday it will subsidize the full cost of storm and flood insurance for some low-income households, thanks to a revision of the Storm and Flood Insurance Act. Storm and flood insurance refers to an insurance product that offers compensation for damages [...]
SEOUL, May 13 (Korea Bizwire) — The living conditions of low-income South Koreans have not improved over the past 10 years. Income polarization accelerated during this period as the income of the upper 20 percent increased sharply, dwarfing the marginal increase in the income of the bottom 20 percent. Statistics Korea’s household trend survey showed [...]
SEOUL, May 6 (Korea Bizwire) — According to an analysis of health insurance usage from the National Health Insurance Service published on May 4, the number of individuals below the age of 18 who receive medicinal treatment for diabetes has increased by 31 percent since 2006, rising from 4,076 patients to 5,338 patients last year. [...]