This study makes recommendations for future policy support for citizens struggling with the problem of relative property, as well as for the national financial support that they require.
The dramatic growth of the Korean economy and the rise in the living standard have drastically reduced the proportion of citizens living in abject poverty. However, the level of welfare people expect is also rising, while income inequality—growing since the late 1970s—is worsening the sense of deprivation and relative poverty in vulnerable and marginalized groups.
The Korean government, accordingly, declared the creation of a welfare society as the predominant objective of the Fifth Republic, actively promoting “emancipation from poverty” as the first and foremost policy goal. In order to solve the problem of relative poverty, the government needs not only to introduce direct support measures such as public works projects, but also must readjust and innovative the entirety of its economic policies, including those regarding industry and employment.
Therefore, this study reviews and suggests a range of categories of public support that the Korean government may provide for the poor, including: the living security program, the expansion of social welfare facilities, the improvement of channels for delivering social services, vocational training, employment and job-hunting support for the poor, financial assistance for business ownership, improvement of living conditions, and others. This study also estimates the cost of each category.
The Korean government needs to develop and provide these measures of support for the poor as a matter of national priority. It needs to develop a comprehensive system for supporting the poor that consists of consistent and well-prioritized support measures, as well as periodical monitoring and assessment.
영세민대책과 재정(Policy support for the poor and national finance)
|Subject Country||South Korea(Asia and Pacific)|
|Subject||Economy < Financial Policy
Economy < Economic Administration
|Holding||KDI; KDI School|