An anonymous reader quotes a report from Nikkei Asian Review: The debate on universal basic income has gained momentum in South Korea , as the coronavirus outbreak and the country’s growing income divide force a rethink on social safety nets. The concept was thrust into the spotlight in the country when Gyeonggi Province Gov. Lee Jae-myung proposed a basic income of 500,000 won ($430) a year per person this year. He aims to gradually expand the figure until it reaches 500,000 won a month — roughly the equivalent of South Korea’s social welfare payments. An annual $430 payout means […]
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