National
Introducing a basic income guarantee has become one of the much-debated policy issues among presidential hopefuls amid growing calls to create a welfare society.
The issue of adopting the state-provided income system, under which the government doles out payments to the people regardless of their income level or employment status, was first raised by Seongman Mayor Lee Jae-myung of the Democratic Party, who promises to distribute 1.3 million won ($1,136) a year for people under 29 and over 65.Lee says 28 million people would be entitled to basic income, and that it would require 43.5 trillion won to implement […]
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