● Non life insurance in Korea has the history of about 49 years, at first Chosen Fire and Marine Insurance Company was established in 1922.
● After the last world war, a number of insurance companies were founded to carry on fire or marine insurance, and some companies gradually extended their activities to a host of other kinds of non-life insurance like automobile insurance in nine com
(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).
Korea employment information (2007)
The most of employment promotion incentive are concentrated on a majority employment incentive. Externally, employment promotion incentive looks developed policy, but problem is that a majority employment incentive just focuses on transportation or real estimate. Actually, the businesses hire aged people compared to other businesses even though government doe
When the south Korean economy experienced the first oil shock in early 1970s,there had been preliminary discussions whether there was need for an unemployment insurance system. In the latter half the 1970s, south korea’s economic structure was transformed from an agricultural to an industrial economy.the labour market in consequence went through major changes and the excess supply of labour was
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