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Employment insurance & employment policy, Korea

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Frame of Image or market • Changed goal of employment policy in the 1990s : to increase stability in the labor market and enhance workers’ competitiveness and employability è Launching comprehensive innovations : implementing ALMPs, Employment Insurance (EI), competency development system
2. Employment Insurance (EI) and incorporating
ALMPs into EI system in 1995
• 1990s’ ALMPs : Employment Stability Program, Competencies Development Training, Unemployment Benefits and Employment Service - On the basis of Unemployment Benefits, ALMPs are incorporated and connected. • Established legal framework, integrating ALMPs with EI system * Still functioning as the backbone of Korea’s labor market policy system
3. Legal Framework for integrated employment policies in the 1990s
• Integration of legal systems and resources, based on the common principles & implementation system - with Framework Act on Employment Policy as a platform, linked Employment Security Act, Employment Insurance Act, Competency Development Act, etc., àimplementing comprehensive labor market policy Ø Securement of legal base, program and fund for ALMP and employment service altogether, for the 1st time • Launch of Employment Insurance System in 1995
3-1. Two-tier Legal Protection in the labor market
• Fundamental principle of Employment Policy
- to apply to all workers, unemployed, all firms - to provide general programs
• Employment Insurance Act : covering 65% workers
- for insured workers, insured firms - providing specified pr


Full Text
Title Employment insurance & employment policy, Korea
Similar Titles
Material Type Proceedings
Author(English)

Chung, Byung-Suk

Publisher

[Sejong] : KDI School of Public Policy and Management

Date 2018-12
Event [WB-KDI School International conference] The Changing Nature of Work: Are We Ready?
Pages 20
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pptx
Subject Social Development < General
Social Development < Employment
Holding KDI School
License