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Non-Life16 Jun 2026

South Korea:Employment insurance spending surpasses US$ 13.3bn as jobless claims rise

By Reva Ganesan | 16 Jun 2026

South Korea's Employment Insurance Fund recorded its highest spending level since the height of the COVID-19 pandemic, with expenditures exceeding KRW20tn ($13.3bn) in 2025 amid rising unemployment benefit payments and enhanced childcare leave support.

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South Korea:Employment insurance spending surpasses US$ 13.3bn as jobless claims rise

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South Korea:Employment insurance spending surpasses US$ 13.3bn as jobless claims rise

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