(2) Long Term Care in Korea
In July 2008, Korea introduced social insurance forlong-termcare. There are several
important demographic and social changes leading to the introduction of long-termcare
(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).
increase.
If this situation is continued, account of health insurance will have a deficit.
Korean use seventy or eighty millions of money as medical cost all their life and half of their medical cost is used after 65-years-old.
Korea face an aging-society, so economic action of man in the prime of life is very important. Therefore, we need countermeasures about increasing medical cost.
insurance market was made accessible to liability and property insurance companies.
● There are certain important factors behind this quick rise ofautomobile insurance industry of South Korea like sudden increase in use of cars in South Korea and mandatory automobile liability insurance policies.
● In 2005 auto insurance industry in South Korea amounted for 35.2 percent of direct premium
I. Introduction
On April 11, a legislative national election forthe 19th National Assembly was held.
The 2012 election was won by the ruling Saenuri Party and only 4 parties won seats in the election. Among them, there are 2 major large parties which are Saenuri and Democratic United Party(DUP). Theformer represents the conservative party and the latter is liberal one in Korea. Since the c
The number of social enterprise has grown steadily in many countries, with the most rapid growth occurring during 1990s and 2000s. Specified objective of each firms are various, however, social enterprises are commonly aiming for maximizing improvements in human and environmental well-being, rather than maximizing profits for external shareholders. A social enterprise is value driven towards ethi