SEOUL, Sept. 8 (Korea Bizwire) — South Korea said Thursday it plans to spend 74 trillion won (US$53.4 billion) on supporting low-income families, senior citizens and other vulnerable people next year in a bid to ease the burden of rising living costs. The government plans to increase its budget spending by 8.7 trillion won in [...]
SEOUL, Aug. 24 (Korea Bizwire) — The unattended deaths of a poverty-stricken mother and two daughters in Suwon early this week raised the alarm about those struggling with hardships under the social welfare radar and a leaky welfare system that failed to locate and help them. The 60-something mother and her two daughters in their [...]
SEOUL, Sept. 6 (Korea Bizwire) — South Korea’s tax-to-GDP ratio needs to surpass the 35 percent mark by 2060 to meet the government’s social welfare-related spending plan, a local think tank said Wednesday. The report by the Korea Economic Research Institute (KERI) comes as the ruling Democratic Party proposed hiking up tax rates for the [...]
SEOUL, Aug. 28 (Korea Bizwire) — President Moon Jae In’s approval rating rose for a second consecutive week last week, apparently on a series of welfare programs that seek to provide additional support to low-income earners, a poll showed Monday. In a survey conducted on 2,529 voters throughout the nation, 73.9 percent said they approved [...]
SUWON, May 9 (Korea Bizwire) – In 2012, Gyeonggi Province started a healthcare campaign aimed at senior citizens living alone, which turned out to be successful in reducing medical expenses and visits, and also depression. According to Gyeonggi Province, the average monthly medical expense for its 9,868 elderly citizens living alone dropped from 63,385 won [...]
SEOUL, June 7 (Korea Bizwire) — A woman in her thirties who killed her newborn baby and sent the infant to her grandmother with a note asking her to give the dead baby a proper funeral was reportedly suffering from economic difficulties. She had to work at a restaurant during the very last stages of [...]
SEOUL, Korea, Jan 17 (Korea Bizwire) – The Seoul Metropolitan City Government said on January 16 that it would establish ten “halfway houses” for teenagers who have had difficulty integrating with society after graduating from children’s welfare facilities. Currently there are 3,600 children living in such facilities within the city government’s jurisdiction. Of these, an [...]