Ministry of Labour (01.12.2020) There will be a reduction in ancillary wage costs for all businesses with BUAG affiliation for the months of January to March 2021. Employers are relieved of the surcharges for the bridging allowance. This regulation also applies to the following years, but from December to March. This relief for the companies makes it more attractive to keep employees busy over the winter.

Ministry of Labour (01.12.2020) Up to now, companies in the building trade and the construction industry have been reimbursed an amount of 17 percent for non-wage labor costs for the winter holidays, on which the employee is entitled to continued payment. The ancillary wage costs for social security contributions, family burden compensation fund (FLAF) and municipal tax are now reimbursed in full for the six winter holidays on construction (December 24th to 26th and 31st and January 1st and 6th) at a rate of 30.1 percent.

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. 

UNDP (03.11.2020) Severe long-term effects of the COVID-19 pandemic could push an additional 207 million people into extreme poverty on top of the current pandemic trajectory, bringing the total to over 1 billion by 2030, according to findings released today by the United Nations Development Programme (UNDP).