Social Protection in Korea: 2016 Social Welfare Key Policy Issues and Government Budget Trend Analysis

Event: ADB and ADBI Learning Program: Financing Social Protection for the Sustainable Development Goals

Social Protection in Korea: 2016 Social Welfare Key Policy Issues and Government Budget Trend Analysis

17 February 2017

In Korea, social protection comprises the largest portion of the government's budget. To further improve the country's social protection system, Korea should pursue several measures to enhance coverage and make it more efficient. These measures include integrating the social security information system using ICT, restructuring its pension scheme, addressing the social protection budget gaps between the central and local governments, and promoting public-private cooperation for sustainable social protection.

Geographical Focus:

Korea, Republic of

Type of Content:

Learning Event

Disclaimer

The views expressed on this website are those of the authors and do not necessarily reflect the views and policies of the Asian Development Bank (ADB) or its Board of Governors or the governments they represent. ADB does not guarantee the accuracy of the data included in this publication and accepts no responsibility for any consequence of their use. By making any designation of or reference to a particular territory or geographic area, or by using the term “country” in this document, ADB does not intend to make any judgments as to the legal or other status of any territory or area.