SEOUL, Sept. 18 (Korea Bizwire) – A recent survey showed that about two out of three Koreans believe they are paying too much in taxes compared to the social security benefits they receive. The share of those who said they would not like to pay more taxes or social insurance fees even if welfare benefits were [...]
SEOUL, Feb. 21 (Korea Bizwire) — A social security agreement between South Korea and New Zealand will go into effect next month, allowing their nationals to use their employment and residences in both countries to qualify for pension benefits, Seoul’s foreign ministry said Monday. The two sides signed the accord in October 2019 for those [...]
SEOUL, Feb. 12 (Korea Bizwire) — South Korea will inject 332 trillion won (US$295.2 billion) by 2023 to establish an “embracing” social security system as part of a long-term plan to improve the quality of life for its people, the government said Tuesday. The five-year plan, finalized at a Cabinet meeting and announced by the [...]
SEJONG, Nov. 26 (Korea Bizwire) – More South Koreans are feeling the pinch of rising social security outlays as the country moves to expand its welfare infrastructure, a nationwide poll showed Thursday. The 2015 society trend survey on 39,000 people across the country in May revealed that 65.6 percent of respondents said outlays for health [...]
SEOUL, May 21 (Korea Bizwire) – Social security benefits will be enhanced for the self-employed including the independent app developers who have started their own business based on their technical skills but are financially strapped. On May 19, the Ministry of Strategy and Finance, Financial Services Commission, the Small and Medium Business Administration and other [...]