Enactment of the social insurance legislation by the National Assembly, there has been a rapid and steady expansion of risks covered by social insurance as well as an increase in persons
covered. The number of persons covered by various social insurance programs increased in terms of gross estimates from 1.9 million in the mid-1970s to 64.6 million in 1995. In 1973 the
Korean population was spending roughly 48 billion won for various social security programs including social insurance, public assistance and social welfare services. This amount represented slightly less than one percent of the 1973 GNP. Social security expenditures, however, increased dramatically to over 11 trillion won by 1994, accounting for 3.7 percent of GNP.
During the thirty-five years many important and far-reaching changes in the social security legislation and administrative organization have been made. These changes reflect not only the
adjustments to keep the program in line with rising levels of income and aspiration of the people and administrative experience, but especially in the broadening in the character and scope of social security. Various politico-economic, demographic and social factors including family life-styles had significant impact on the development of our social security system.
- Social security and economic development in Korea: collected papers
- Park, Chong Kee
- Korea Institute for Health and Social Affairs
Social security and economic development in Korea: collected papers
Seoul : Korea Institute for Health and Social Affairs
|Series Title; No||Research Monograph / 97-01|
|Subject||Social Development < Social Welfare|
|Holding||Korea Institute for Health and Social Affairs|