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Development Strategies and Unemployment Policies in Korea

  • Ilcheong Yi
  • Byung-hee Lee
Part of the Social Policy in a Development Context book series (SPDC)

Abstract

The Asian Financial Crisis of 1997&#x2913l8 made a significant impact on Korean society. As the Korean economy recorded negative growth, mass unemployment (which reached an unprecedented high point of 8.8 per cent in February 1999) became a major social problem. The newly elected Kim Dae-jung government (1998–2003) responded to the mass unemployment with a strong social policy initiative. The swift expansion of the Employment Insurance Programme (EIP) and the establishment of the Minimum Living Standard Guarantee (MLSG), in particular, were part of this initiative, reflecting a new direction in the development of social welfare, in terms of both income compensation and social right (Kuhnle 2002).

Keywords

Labour Market Vocational Training Unemployment Benefit Asian Financial Crisis Active Labour Market Policy 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© UNRISD 2005

Authors and Affiliations

  • Ilcheong Yi
  • Byung-hee Lee

There are no affiliations available

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