(2) Long Term Care in Korea
In July 2008, Korea introduced social insurance for long-term care. There are several
important demographic and social changes leading to the introduction of long-term care
(LTC) insurance, including the rapid ageing of population as a result of the increase in life expectancy and the sharp decline in fertility. Total fertility rate is below 1.1 in 2005 (NSO,2007).
Introduction
Foreign Exchange Market
a market for converting the currency of one country into that of another country
Exchange Rate
the rate at which one
currency is converted
into another
The Functions of the Foreign Exchange Market
Currency Conversion
To convert the currency of one country
into that of another country
Insuring against Foreign
Foreign Workers Act , National Health Insurance Law (국민건강보험법)
- According to these, legitimate foreign workers included in hearth insurance, etc.
Management of international marriage brokerages ►Act on Management of Marriage Brokerage Business
Ex) prohibition on false and exaggerated ad., damage compensation and written contracts
Information and counseling about life
Insurance and iMarket Korea, classified as available-for-sale financial assets, were listed during 2010, ₩94,102 million of level 3 as of December 31, 2009 and January 1, 2009 was transferred to level 1 (₩238,238 million as of December 31, 2010).
The fair value of financial instruments traded in active markets is based on quoted market prices at the balance sheet date. A market is regarded