Naver (09.12.2020) South Korea will extend its state employment insurance program to artists starting Thursday as the first step toward expanding coverage to all workers by 2025. The Ministry of Employment and Labor said Wednesday that artists under work contracts who earn monthly income of at least 500,000 won ($460) will be eligible for coverage under the amended Employment Insurance Act.
Artists will be eligible to receive an allowance equivalent to 60 percent of their income for at least 120 days if they have paid into the plan for at least nine months.
“From the employment insurance being applied to artists, the measure is believed to help artists who struggle from unstable and declining income from the COVID-19 pandemic as an employment safety net.” |