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Start your day with a roundup of key stories from The Korea Herald with news and comment on all that’s happening in Korea.

[Monitor] Korea‘s unemployment benefits ranks low

By Korea Herald

Published : March 23, 2017 - 16:15

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A recent report by the Korea Labor Institute showed that South Korea ranks among the lowest in terms of the period during which jobless workers get unemployment benefits.

Among the Organization for Economic Cooperation and Development members, jobless South Korean workers could receive unemployment benefits for a maximum seven months in 2010, the fifth shortest among 29 OECD members.

Korea offers unemployment allowances for three to eight months for eligible workers depending on their age and terms of their unemployment insurance policy. A shorter period of unemployment benefits indicate weaker social safety net for the labor market.

Korea Herald
Korea Herald
Articles by Korea Herald

[Monitor] Korea‘s unemployment benefits ranks low

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