SEOUL, April 17 (Korea Bizwire) — In a move to strengthen protections for crime victims, South Korea’s Supreme Prosecutors’ Office and the Ministry of Employment and Labor have jointly revised internal guidelines to make it easier for affected workers to receive unemployment benefits. Announced on April 16, the new policy allows individuals who leave their jobs [...]
SEOUL, April 12 (Korea Bizwire) — The number of unemployment benefit recipients reached a new monthly record in March, due mainly to the prolonged negative impact of coronavirus pandemic on the economy, government data showed Monday. According to the Ministry of Employment and Labor, the government paid job-seeking benefits, also dubbed unemployment allowance, to 759,000 [...]
SEOUL, Jan. 11 (Korea Bizwire) — A record 11.85 trillion won (US$10.79 billion) was paid in unemployment benefits last year amid the business challenges of COVID-19, government data showed Monday. According to the Ministry of Employment and Labor, the government paid more than 956 billion won in job-seeking benefits in December, bringing the yearly total [...]
SEOUL, Sept. 8 (Korea Bizwire) — The amount paid out in jobless benefits fell slightly in August from the previous month while the number of employment insurance subscribers increased at a faster rate, data showed Monday. The signs of improvement in the labor market, however, are unlikely to persist this month as the nation tightened [...]
SEOUL, Aug. 10 (Korea Bizwire) — The total value of unemployment benefits paid out by the government set a new record for the sixth consecutive month in July, data showed Monday, due largely to the persistent negative economic impact from the coronavirus outbreak. The amount of state allowances paid to those unemployed or seeking jobs [...]
SEJONG, July 13 (Korea Bizwire) — The total value of unemployment benefits paid out in June set a new record due to the continuing negative impact of the coronavirus pandemic on the economy, data showed Monday. The Ministry of Employment and Labor said the government paid out 1.1 trillion won (US$916 million) last month in [...]
SEJONG, June 8 (Korea Bizwire) — The amount of state funds paid out as unemployment benefits surpassed 1 trillion won (US$830 million) for the first time last month, data showed Monday, due largely to the negative economic impact of the new coronavirus outbreak. According to the Ministry of Employment and Labor, the government paid 1.16 [...]
SEOUL, May 11 (Korea Bizwire) — The amount of state funds paid out as unemployment benefits soared to nearly 1 trillion won (US$820 million) last month, data showed Monday, due largely to the negative economic impact of the new coronavirus outbreak. According to the Ministry of Employment and Labor, the government paid 993.3 billion won [...]
SEOUL, Jan. 5 (Korea Bizwire) - College students who manage studying and a part-time job at the same time will become eligible for unemployment benefits from now on when they lose their job, the government said Tuesday. The Ministry of Employment and Labor said it revised the guidelines on unemployment allowances to lower the barriers for [...]