Tag: South Korea

Image: Gyeonggi Province Governor Lee Jaemyung

Two-year basic income pilot for at least 3,000 rural residents to be launched in South Korea

“The results of this experiment will demonstrate whether basic income is a fleeting issue or a means by which …

People wearing face masks walk by the headquarters of the Bank of Korea in Seoul, South Korea, Thursday, March 4, 2021. South Korea's central bank says the country's economy shrank for the first time in 22 years in 2020.

In South Korea, Universal Basic Income is Having a Pandemic Moment

“Without UBI, I believe many feel the very capitalist system itself is in crisis,” says Govorner Lee Jae-myung. By William …

south korea

South Korea’s UBI-Inspired Experiment to Boost the Economy

By: Scott Santens. What South Korea is doing does not meet the definition of basic income, as it opts …

Gyeonggi Province Gov. Lee Jae-myung proposed a basic income of 500,000 won ($430) a year per person this year. (Photo by Sotaro Suzuki)

The debate on universal basic income has gained momentum in South Korea

The coronavirus pandemic has spurred a debate about guaranteeing basic income to all citizens.   By: SOTARO SUZUKI, Nikkei …

The Jeonju city government said about 50,000 economically vulnerable citizens, including unemployed people, will receive an 'anti-disaster basic income' of 527,158 won (US$430) per person, as part of its efforts to overcome the economic fallout from COVID. Korea Times file

City in South Korea begins paying anti-disaster basic income to residents

Jeonju, a southwestern South Korean city, said Friday it will pay half a million won each to about 50,000 …