A new universal basic income scheme is to be piloted in South Korea, where 170,000 young people (aged twenty-four) will be given the equivalent of $833 with very few conditions attached. The scheme also aims to boost local businesses.
The new scheme follows several other studies around the world with universal basic income. With the new proposal, the participants will be given one million won (a local currency valued at $883) per year. The difference between this proposal and other basic income schemes being tried globally is that the money will come in the form of a special currency, with […]
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