The Korean social security system is generally divided into three parts: social insurance, public relief and social welfare services. Social insurance is the center, and medical security and income security are the main purposes of social security.
1. Social insurance structure and system
Currently, South Korea’s social insurance includes: annuity insurance, medical insurance, industrial disaster compensation insurance and employment insurance.
2. Public relief
Public relief is different from social insurance. It does not pay insurance premiums and uses state treasury funds to protect the lives of low-income groups or to help themselves. South Korea's public relief includes livelihood protection, meritorious personnel allowances and disaster and disaster relief.
3. Social Welfare Services
Since the 1960s, South Korea's welfare services have shifted from the relief stages of "emergency relief" and "facility accommodation" to the social welfare service period.
We can understand the connotation and denotation of the social welfare system from at least three levels: In the broadest sense, it refers to all societies that improve and enhance people’s material and spiritual lives. Measures;
The middle-level social welfare is basically a synonym for social security, and is a concept commonly used to replace social security in Western European countries; as a component of social security, in China, we use the narrow sense Social welfare concept.
Extended information:
Public welfare: Public welfare refers to welfare supported or provided by the government and guaranteed by national laws or government policies. Including statutory holidays, statutory welfare projects, such as medical insurance, unemployment insurance, pension insurance, disability insurance, special benefits for female employees and benefits related to family planning, etc.
Personal welfare: refers to welfare projects provided by the organization and combined with employee choice. Including pensions, mutual savings, severance pay, housing allowances, transportation expenses, working meals, overseas allowances, life insurance, etc.
Company benefits within the organization: refers to welfare projects that are completely provided by the organization and that a certain group of employees can enjoy or have the opportunity to enjoy. Including sick leave, personal leave, breaks at work, group travel, and organizing private and national festivals recognized by the organization, such as Youth Day, Women's Day, Mid-Autumn Festival, Christmas, etc.
Life benefits: refers to the special welfare projects provided by the organization for employees. Including providing employees with legal services, psychological counseling, loan guarantees, nurseries, children's education fees, etc.
Reference: Baidu Encyclopedia-Welfare System