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

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

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 coronavirus pandemic has spurred a debate about guaranteeing basic income to all citizens.

By: SOTARO SUZUKI, Nikkei Seoul bureau chief

The debate on universal basic income has gained momentum in South Korea, as the coronavirus outbreak and the country’s growing income divide force a rethink on social safety nets. The concept was thrust into the spotlight in the country when Gyeonggi Province Gov. Lee Jae-myung proposed a basic income of 500,000 won ($430) a year per […]

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