Unemployment Benefits Archives | Be Korea-savvy
Number of Unemployment Benefit Recipients Hits Record High in March amid Pandemic

Number of Unemployment Benefit Recipients Hits Record High in March amid Pandemic

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 [...]

Record 11.85 tln Won Paid in Unemployment Benefits in 2020 amid Pandemic

Record 11.85 tln Won Paid in Unemployment Benefits in 2020 amid Pandemic

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 [...]

Unemployment Allowance Payments Set New Record for 6th Straight Month in July

Unemployment Allowance Payments Set New Record for 6th Straight Month in July

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 [...]

Monthly Unemployment Benefits Above 1 tln Won for 1st Time amid Coronavirus

Monthly Unemployment Benefits Above 1 tln Won for 1st Time amid Coronavirus

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 [...]

Unemployment Benefit Payments Reach New High for 3rd-straight Month over Coronavirus

Unemployment Benefit Payments Reach New High for 3rd-straight Month over Coronavirus

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 [...]

College Students With Part-Time Jobs to Get Unemployment Benefits

College Students With Part-Time Jobs to Get Unemployment Benefits

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 [...]