Menu Content
Go Top

Economy

Unemployment Benefit Payments Break Record in June

Written: 2020-07-13 16:09:42Updated: 2020-07-13 16:11:46

Unemployment Benefit Payments Break Record in June

Photo : YONHAP News

Unemployment benefits paid out last month in South Korea broke a previous record due to the fallout from the COVID-19 pandemic.

According to the Ministry of Employment and Labor on Monday, the government paid out one-point-11 trillion won in June, up 62-point-nine percent from 428-point-seven billion won a year ago.

The total amount surpassed the previous record of one-point-06 trillion won paid in May.

The number of people who received the benefits, 711-thousand, was also a record-high.

Aside from the hike in the number of unemployed, the ministry cited the revision to a relevant law, which took effect in October, that allowed a rise in the amount of payments and an extension in the period under which benefits are offered.

Editor's Pick

Close

This website uses cookies and other technology to enhance quality of service. Continuous usage of the website will be considered as giving consent to the application of such technology and the policy of KBS. For further details >