Kim Jong-in: "We Could Create a 'Korean-Style Basic Income' Suited to Our Situation"

Kim Jong-in, Emergency Committee Chairman of the United Future Party, is attending the Social Safety Net 4.0 Policy Forum held at the National Assembly on the 23rd, delivering a greeting./Photo by Yoon Dong-joo doso7@

[Asia Economy Reporter Lim Chun-han] Kim Jong-in, Emergency Committee Chairman of the Future United Party, stated on the 23rd regarding basic income, "Although discussions on basic income have started in our country since 2016, there is still considerable controversy over the possibility of its introduction," and added, "I also think that we might be able to create a 'Korean-style basic income system' that suits our circumstances."

Chairman Kim made these remarks in a congratulatory speech at the online policy forum titled 'Social Safety Net 4.0 and Basic Income System,' held in the small conference room of the National Assembly Library on the same day. He said, "I would appreciate it if the United Party could suggest a direction on how to carry forward basic income in some form." This forum was organized by the Social Safety Net 4.0 Forum and the Jeju Research Institute, and hosted by United Party lawmaker Seo Jeong-sook.

Chairman Kim pointed out, "According to a recent report by the Organisation for Economic Co-operation and Development (OECD), South Korea has the second highest poverty rate in the world," and added, "Although the economy has grown well, when looking at the social foundation, it is a country where inequality has deepened."

Chairman Kim said, "I have stated that I will lead the party from the side of the socially vulnerable," and emphasized, "The most important thing is how well the social safety net is established."

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