[KH Explains] Universal basic income enters Korean political limelight

Gov. Lee’s progressive social welfare concept faces political hurdles ahead of presidential race A man pulls a trolley past a closed store in Sinchon district of Seoul on Nov. 28, 2020. (Yonhap) The idea of ensuring that everyone has at least some income has gained momentum in South Korea as the country experiences a major economic letdown during the COVID-19 pandemic.

The idea, championed first by Gyeonggi Province governor and president hopeful Lee Jae-myung, has quickly become a fiercely debated topic among presidential contenders from all sides.

Proponents say it is a means to narrow the growing wealth gap and make […]

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