Basic income in case of disaster suggested in South Korea

Basic income in case of disaster suggested in South Korea

The compound of Gyeongbok Palace in Seoul remains almost empty, Saturday, as people avoid crowded places due to fears of the COVID-19 outbreak. / Yonhap An entrepreneur has called on the government to provide every citizen with 500,000 won ($413) in “basic income in case of disaster,” saying many people have been suffering from severe financial strain due to the month-long COVIC-19 epidemic.

He claimed such emergency monetary support would be more effective than planned government countermeasures such as tax cuts for vehicle purchases.

Lee Jae-woong, CEO of SoCar, posted a petition on the Cheong Wa Dae website, Sunday, to call […]

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.