A universal basic income (UBI) of more than $ 400 a month is closing in on reality for South Koreans as top presidential candidates vow to unleash radical policies to combat worsening inequality.
Some economists see the UBI, a government program whereby the state unconditionally pays everyone a monthly sum, as a solution to entrenched poverty and as a way to demolish bloated bureaucracies. But critics believe the policy is impractical and unaffordable.
Lee Jae-myung, who won the ruling party’s primary election this weekend, has vowed to progressively implement the policy during his five-year term if he wins the presidential election […]
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