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Development and operation of workers' compensation insurance scheme in S. Korea

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Supervised by	 Prepared by
Ministry of Employment and Labor (MOEL), Republic of Korea Workers’ Compensation Research Center under Korea  	 Workers’ Compensation&Welfare Service (COMWEL)
Author
J   ang Gi Kim, Researcher, Workers’ Compensation Research  Center under Korea Workers’ Compensation&Welfare  Service(COMWEL)  Yoon Jo Duk, Vice President, Korean Social Policy Institute  (Collaborative Researcher)
Advisory
Se-hyeon  Lee,  Jeju  Special  Self-governing  Province  National  Labor Relations Commission
Research Management
K   orea  Development  Institute  (KDI)  School  of  Public  Policy  and  Management
Supported by
Ministry of Strategy and Finance (MOSF), Republic of Korea
Government Publications Registration Number 11-1051000-000188-01 ISBN 978-89-93695-37-3 94320 ISBN 978-89-93695-27-4 [SET 40] Copyright © 2012 by Ministry of Strategy and Finance, Republic of Korea
Government Publications  Registration Number 11-1051000-000188-01
Knowledge Sharing Program
2011 Modularization of Korea’s Development Experience
Development and Operation of Workers’ Compensation Insurance Scheme in S. Korea
Preface
The study of Korea’s economic and social transformation offers a unique opportunity to better understand the factors that drive development. Within one generation, Korea had transformed itself from a poor agrarian society to a modern industrial nation, a feat never seen before. What makes Korea’s experience so unique is that its rapid economic development was relatively br


Full Text
Title Development and operation of workers' compensation insurance scheme in S. Korea
Similar Titles
Project Category Development Cases
Material Type Reports
Author(English)

Kim, Jang Gi; Yoon, Jo Duk

Publisher

Seoul:KDI School of Public Policy and Management

Date 2012
Project Development Cases
Series Title; No Knowledge Sharing Program: KSP Modularization
ISBN 978-89-93695-37-3; 978-89-93695-27-4 [SET 40]
Pages 98
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Social Development < Health
Holding KDI School of Public Policy and Management
Supervisor KDI School of Public Policy and Management
Organizer Ministry of Employment and Labor; Workers' Compensation Research Center under Korea Workers' Compensation&Welfare Service
Sponsor Ministry of Strategy and Finance
Project Term 2011-01-01 ~ 2011-12-31

Abstract

The introduction of workers’ compensation insurance (“WCI”) scheme in South Korea (“S. Korea”) dates back to the time when a military junta, so-called Supreme Council for National Reconstruction (“SCNR”) pushed a new governmental regime through, not so long since the end of the Korean War. At that time, few people had an understanding of the scheme. Majority of Koreans did not expect that it would significantly contribute to the development of the economy. Rather, many of them went as far as to believe that the Government tried to use it to compensate for deficient budgets.
Though it was almost impossible to collect even the premiums, a standing advisory council under the SCNR decided to introduce the scheme in 1964 to protect both employers and industrially-injured workers (“IIWs”), an act of reckless courage.
The scheme, as the first social insurance scheme ever introduced in S. Korea, is characterized by “no-fault” rule and public liability, functioning as policy insurance with limited compensation liability. (The rest omitted)