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Korea’s Unemployment Insurance in the 1998 Asian Financial Crisis and Adjustments in the 2008 Global Financial Crisis

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  • Sung Teak Kim

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Abstract

This paper analyzes the impacts of the 1998 and 2008 financial crises on the Korean labor market. They study the historical background of the Korean Employment Insurance System and the change of labor policies from the 1998 Asian financial crisis to the current 2008 global financial crisis. While it is arguable to say that the expansion of the social welfare system in the Republic of Korea is main source of difference between the two crises, it is certain that the social welfare system is one of the influential factors that helped overcome the problems of the global financial crisis. [ADBI Working Paper 214]

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  • Sung Teak Kim, 2010. "Korea’s Unemployment Insurance in the 1998 Asian Financial Crisis and Adjustments in the 2008 Global Financial Crisis," Working Papers id:3131, eSocialSciences.
  • Handle: RePEc:ess:wpaper:id:3131
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    Cited by:

    1. Goulding, Kristine., 2013. "Gender dimensions of national employment policies : a 24-country study," ILO Working Papers 994843093402676, International Labour Organization.
    2. Goulding, Kristine., 2013. "Gender dimensions of national employment policies : a 24-country study," ILO Working Papers 994835833402676, International Labour Organization.

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    Keywords

    Korean; labor; market; Asian; financial; global;

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