Budget minister nominee calls for 'long-term' preparation for universal basic income

Budget Minister nominee Park Hong-keun said Friday the introduction of a universal basic income scheme should be prepared over the long term, while pledging fiscal support for vulnerable young people.

2026-03-20

Korea's groundbreaking AI law requires watermarks on generated content, but enforcement gaps remain

Korea on Thursday began enforcing the world’s first comprehensive law governing artificial intelligence (AI), requiring watermarks on images, videos and audio created and distributed using generative AI.

2026-01-22

As pensions fall behind low-income stipends, experts urge reform

The average monthly payment from the National Pension Service (NPS) has fallen below the minimum living stipend guaranteed under the National Basic Living Security Act, a shift analysts say underscores the urgency of pension reform.

2025-11-24

Gov't doubles budget for rural basic income pilot program following local backlash

The budget for President Lee Jae Myung’s rural basic income initiative — a major campaign pledge — has been doubled at the pilot stage, following protests from local governments that were excluded from the initial trial selection.

2025-11-19

Pay, conditions causing two-thirds of young Korean professionals to look overseas: BOK

Nearly two-thirds of young professionals in Korea’s science and engineering fields are thinking about moving overseas, the BOK said in a report which warned that seniority-based pay and poor working conditions are pushing skilled workers to leave.

2025-11-03

Gov't basic income program for rural towns draws fire over fairness, financial concerns

The government’s plan to introduce a basic income program for rural communities is drawing controversy, as critics question the fairness of distributing equal payments to all residents while many local governments face financial strain.

2025-10-21

Basic living subsidy recipients get cooked by rising food prices

With inflation outpacing government aid, basic livelihood recipients say they’re being priced out of survival — forced to skip meals, stay home and sacrifice dignity just to make ends meet.

2025-07-08

Korea to build three nuclear plants and one SMR by 2038

Korea plans to build three nuclear power plants and a small modular reactor to meet rising electricity demand.

2024-05-31

The evolution of the universal basic income (KOR)

The question is how effectively you can control the side effects from universal basic income.

2024-05-28

The evolution of the universal basic income