"Self-Employed Individuals in Gyeonggi-do, Receive Employment Insurance Premium Support"... MOU with the Corporation

[Asia Economy Reporter Kim Bo-kyung] The Korea Workers' Compensation and Welfare Service signed a business agreement with Gyeonggi Province on the 27th to promote employment insurance enrollment for one-person self-employed individuals.

Through this agreement, one-person self-employed individuals located in Gyeonggi Province who enroll in employment insurance will receive support covering 30% of their employment insurance premiums from Gyeonggi Province for up to three years.

Self-employed employment insurance is a system that allows one-person self-employed individuals or business owners employing fewer than 50 workers to receive employment insurance benefits such as vocational training or unemployment benefits upon business closure, provided they enroll in the insurance with the approval of the Service.

In particular, since applications can be made together with the 'Employment Insurance Premium Support for One-Person Self-Employed' program carried out by the Ministry of SMEs and Startups through the Small Enterprise and Market Service, eligible self-employed individuals are expected to receive support covering up to 80% of their employment insurance premiums.

The Service also operates a system where business owners employing fewer than 300 workers or no workers who enroll in the 'Industrial Accident Insurance for Small Business Owners' can receive insurance benefits in the event of work-related injuries, just like workers.

So far, the Service has signed business agreements with six local governments, starting with Gangwon Province in April 2018, to support employment and industrial accident insurance premiums for one-person self-employed individuals and small business owners, thereby reducing the burden of social insurance premiums.

Kang Soon-hee, Director of the Service, stated, "We will actively promote the use of self-employed employment insurance and industrial accident insurance for small business owners together with Gyeonggi Province so that one-person self-employed individuals and small-scale business owners can also enjoy social safety net benefits, and we will strengthen cooperation with other local governments to expand the project."

This content was produced with the assistance of AI translation services.