(EDITORIAL from Korea Herald on May 29)

(EDITORIAL from Korea Herald on May 29)

No panacea
Introducing universal basic income would be insensible without credible funding plans

Political parties are becoming increasingly active and positive toward the controversial issue of introducing a universal basic income system in the country.
Universal basic income refers to money evenly distributed to all individuals to support their livelihoods, regardless of their wealth level or job status.The liberal ruling Democratic Party of Korea is preparing to submit a bill on the introduction of the scheme to the next National assembly that begins its four-year term Saturday.The conservative opposition United Future Party is showing signs of shifting from its cautious stance […]

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