S. Korean workers most vulnerable to unemployment risk in OECD bloc
Social affairsDec 6, 2011
Korean workers turned out to be most vulnerable to an economic crisis compared with their counterparts in other OECD countries, due to the country’s extraordinarily low levels of unemployment benefits, a report showed Tuesday.Local labor authorities provided unemployed workers with financial aid worth about 30.4 percent of their previous full-time wages for one year upon being laid off as of 2009, according to the OECD report titled “Employment Outlook 2011.”The level of unemployment benefits la