Universal Basic Income (UBI) is gaining attention and sparking fierce debates worldwide. UBI is the concept of providing periodic, cash-based income to every individual, regardless of employment status. While some argue that UBI is a “ridiculous” or “utopian” idea, others believe it is worth considering.
South Korea is no stranger to the idea of UBI. In fact, former presidential candidate Lee Jae-myung proposed offering an annual basic income of one million won to the entire country. Although Lee was not elected, his proposal gained a competitive approval rate. Additionally, the country distributed special grants during the COVID-19 pandemic, gaining experience […]
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