SEOUL, Jan. 18 (Korea Bizwire) — The Seoul city government said Tuesday it will spend over 5.5 trillion won (US$4.6 billion) over the next five years to solve health, safety and housing problems of single-person households. Seoul Mayor Oh Se-hoon announced the measure, saying his government will make greater efforts to improve the quality of [...]
SEOUL, Nov. 11 (Korea Bizwire) – President Park Geun-hye expressed hope Wednesday that a social security commission will lead the country’s welfare policies. “I hope that (the commission) will always worry and make efforts from the point of the people and build internal stability of social security policies, as well as act as the centripetal [...]
SEOUL, Nov. 8 (Korea Bizwire) — A study said Korea’s income redistribution effect through taxation is lowest among the Organization for Economic Cooperation and Development member nations. According to a report “Implications for Taxes’ Income Redistribution Effect” published by the National Assembly Research Service on November 7, the ratio of income redistribution improvement through policy measures such as [...]