South Korea is unique in a lot of ways -- a relatively low tax country with an excellent national healthcare system, but often criticized for failing to provide older, retired folks a basic level of subsistence.
Is it time for the country to embrace Universal Basic Income? Maybe:
"Basic income, in which a certain amount of money is paid to all members of society to cover minimum living expenses, has become a major topic of conversation and debate for politicians.
Even some conservatives are increasingly eager to push the idea.
On June 3, Kim Chong-in, head of the emergency committee of the main opposition United Future Party (UFP), started the discussion on basic income by introducing the concept as 'economic freedom to buy a loaf of bread.'"
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