Record unemployment benefits

Korea government eventually

increases employment insurance by 23 %

http://www.chosunonline.com/site/data/html_dir/2019/09/11/2019091180123.html

Reporter Kwok Chang-rye / Korean Daily

 

As soon as membership requirements are relaxed ...
Employment insurance subscribers increase

for the first time in over 9 years2019/09/09

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[anchor]
It is said that the number of employment insurance members has increased

 

by over 540,000.
Detailed content, interview reporter consolidated.
Jung Kwang Yoon reporter,
Employment insurance subscribers for the first time in a month
The increase of 540,000 people is unusual,
For what reason did it soar?

[Reporter]
Yes, according to the Employment and Labor Department,

last month there were 545,000 employees who took employment insurance,
It showed the largest increase since May 2010.

 

 

The annual employment insurance premium burden of the worker is

It will increase by about 63,000 won

(about 5,772 yen , about 53.40 US dollars) from October .

The burden of the employer is also annual

It will increase by about 366,000 won

(about 33,533 yen , about 310.24 US dollars) .

In the Moon Jae-in administration's income-led growth policy

Because of the side effects of a steep rise in the minimum wage

Provide unemployment benefits as employment decreases

and unemployment increases

Employment insurance fund faces a crisis of depletion,

This is a measure that was launched as a last resort.
 

The Korean government

From October,

the insurance premium rate of the employment insurance unemployment benefit account

0.3 points from the current 1.3 % to 1.6 %

Incorporating raising

Decided to amend the Order

for Enforcement of the Employment Insurance Law Collection Law.
 

Employment insurance premiums are shared between workers and employers,

Workers and businesses pay for this measure

Employment insurance premiums will increase by 23 %.
 

■ From 270,000 won to 330,000 won a year
 

According to the Employment Labor Department, workers pay this year

The average employment insurance fee is 22,746 won per month,

It was 272,952 won a year (about 25,008 yen , about US $ 231.37 )

This measure is 5249 won per month,

An annual increase of 62,988 won

(approximately 5,771 yen , approximately 53.39 US dollars)

From October , 27,995 won per month,

It will be 335,940 won (about 30,779 yen , about US $ 284.76 ) annually .
 

In addition, the business owner ( one office) pays

Employment insurance premiums average on average

The monthly fee is 132,368 won, which is 1,588,416 won per year.

The monthly fee is 162,914 won, and the year is 1,954,968 won.

30,546 won each (about 2,799 yen , about 25.89 US dollars)

This is an increase of 360,552 won

(approximately 33,583 yen , approximately 310.71 US dollars) .
 

The government raises employment insurance premiums

Occupies most of the employment insurance fund

This is because the unemployment salary account faced a crisis of depletion.

Since the inauguration of the Moon Jae-in administration,

The amount of unemployment benefits paid reached a record high.

The amount of unemployment benefits in April this year was 738.2 billion won

(about 67.6 billion yen , about 600 million US dollars)

Over 700 billion won for the first time,

In May, it reached a record high of 758.7 billion won.
 

Two months later, in July, it re- recorded a record high at 7589 won.

Unemployment benefits to be paid this year

It is expected to exceed 8 trillion won

(approximately 733 billion yen , approximately 6.8 billion US dollars) .

Those who received unemployment benefits in August

About 473,000, an increase of 8.5 % from the same month last year.
 

According to the budget calculation of the Diet Budget Policy Bureau,

With unemployment benefits increasing like a snowman,

As of the end of last year, it was 5,520.1 billion won

(about 505.7 billion yen , about 4.7 billion US dollars)

The unemployment benefit account is expected

to be completely exhausted in 2024 .
 

“The burden of failed employment,

passed on to the common people”
 

The Employment Insurance Committee under

the Employment and Labor Department, who anticipated this situation,

December 2017 ,

seven months after the launch of the Moon Jae-in administration

Decided to raise the unemployment insurance rate from 1.3 % to 1.6 %,

The Employment and Labor Department made a bill last April

and announced the legislation.

However, opposition parties such as the Liberal Korean Party

“The Moon Jae-in administration

A lot of welfare with cash is happening,

It should be reviewed to raise to employment insurance premiums. ''

As shown.

1 year and 4 months have passed since the turn

The bill finally passed the National Assembly in August this year.
 

The Employment and Labor Department of the supervisory

authorities received criticism, issued press reference materials,

"This time, the payment period for unemployment benefits

It is a measure accompanying the extension

from the current 90-240 days to 120-270 days. "

Explained.
 

Employment Labor Department

“The Employment Insurance Fund was around 2010

when there was a global financial crisis.

Although it was in the red for 6 years,

It turned into surplus for five years from 2013 to 2017. ''

“Recent employment has increased unemployment benefits,

Conditions such as economic recovery will recover in the future,

If we continue with fiscal stabilization measures such as increased provisions,

Long-term concerns are expected to be small. "

It showed the recognition.
 

However, experts

Raised the minimum wage by 29 % in two years,

Unemployed are mass-produced and linked to the minimum wage

Caused by a significant increase in unemployment benefits

He argued that the problem was being passed on to workers.

Professor Kim Tae-gii of Dankook University School of Economics

“The Moon Jae-in administration has developed income-driven growth (policy)

As various employment indicators deteriorated,

When the safe (for unemployment benefits) is empty,

Again, he fills the pockets of commoners and workers.

The government should fundamentally solve the problem

with a solid employment policy. ''

Pointed out.