Unemployment insurance fund payouts rose to US$ 5.8 bil. in 2018
- 5 years ago
Rising youth unemployment and layoffs due to increases in Korea's minimum wage..... have contributed to a sharp rise in payouts from the country's unemployment insurance fund.... which assists individuals who have lost their jobs.
Data released by the Ministry of Employment and Labor on Monday shows.... that nearly 5-point-8-billion U.S. dollars was paid out last year... up by 28-and-a-half-percent from the previous year.
The number of unemployment insurance recipients also rose by nearly four-percent to a combined.... 13-point-4-million in December... most of them from the struggling construction sector.
Data released by the Ministry of Employment and Labor on Monday shows.... that nearly 5-point-8-billion U.S. dollars was paid out last year... up by 28-and-a-half-percent from the previous year.
The number of unemployment insurance recipients also rose by nearly four-percent to a combined.... 13-point-4-million in December... most of them from the struggling construction sector.