1887

OECD Social, Employment and Migration Working Papers

This series is designed to make available to a wider readership selected labour market, social policy and migration studies prepared for use within the OECD. Authorship is usually collective, but principal writers are named. The papers are generally available only in their original language - English or French - with a summary in the other.

English, French

The Unification of the Social Insurance Contribution Collection System in Korea

Korea introduced industrial accident insurance (IACIS) in 1964, medical insurance (MIS) in 1977, pension insurance (NPS) in 1988 and employment insurance (EIS) in 1995. In line with Korea’s economic development, social insurance coverage has grown rapidly, and contribution coverage rates now generally exceed 80% for regular workers. However, the four social insurance systems developed separately. The main split in contribution collection methods has been between the insurances under the Ministry of Labour (EIS and IACIS) and those under the Ministry of Health and Welfare (MIS and NPS), although there are also some differences between MIS and NPS. About 50% of the staff in each system has been engaged in collection activities...

English

Keywords: Korea
JEL: J81: Labor and Demographic Economics / Labor Standards: National and International / Labor Standards: Working Conditions; J41: Labor and Demographic Economics / Particular Labor Markets / Labor Contracts; H53: Public Economics / National Government Expenditures and Related Policies / National Government Expenditures and Welfare Programs; H26: Public Economics / Taxation, Subsidies, and Revenue / Tax Evasion and Avoidance
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