The Unification of the Social Insurance Contribution Collection System in Korea

Sinchul Jang
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Sinchul Jang: Korean Delegation to the OECD

No 55, OECD Social, Employment and Migration Working Papers from OECD Publishing

Abstract: 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... La Corée a créé l?assurance pour les accidents du travail (IACIS) en 1964, l?assurance médicale (MIS) en 1977, l?assurance retraite (NPS) en 1988 et l?assurance emploi (EIS) en 1995. En tandem avec le développement économique du pays, la couverture de la protection sociale a rapidement augmenté et les taux de cotisation dépassent désormais 80% pour les travailleurs "réguliers" (fixes). Pourtant les quatre systèmes d?assurance sociale se sont développés séparément. La principale scission en ce qui concerne les méthodes de collecte des cotisations a été entre les assurances sous le Ministère du Travail (EIS et IACIS) et celles sous le Ministère de la Santé et du Bien-être (MIS et NPS), bien qu?il existe également certaines différences entre le MIS et le NPS. Environ 50% du personnel dans chaque système est engagé dans les activités de collecte...

Keywords: Corée; Korea (search for similar items in EconPapers)
JEL-codes: H26 H53 J41 J81 (search for similar items in EconPapers)
Date: 2007-08-06
New Economics Papers: this item is included in nep-ias and nep-sea
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