An examination of the public employment service of South Korea

Lee, S.K., 2005. An examination of the public employment service of South Korea. MPhil, Nottingham Trent University.

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This study examines the Employment Insurance System (EIS) and Public Employment Service (PES) of South Korea. The main objectives are to assess the performance of the South Korean institutions that deal with unemployment and through a comparison with UK labour market policies identify alternative policy instruments. The study draws on secondary data sources in South Korea such as Employment Insurance Data and Work-Net.

The development of the South Korean unemployment system, which has only been in existence since the mid-1990s, is analysed in the context of the theoretical argument for such public sector intervention and the historical development of public employment services in other countries. The study provides a more in depth comparison of the South Korean system with that of the UK, where there has been a growing emphasis on more active labour market policies.

The EIS in South Korea consists of three main policies, an employment stabilisation programme, a job skill development programme and an unemployment benefit programme, which are carried out by employment security centres. The employment stabilization programme has experienced poor utilisation rates and in the job skill development programme there is a gap in voluntary participation rates, for example the programme fails to induce workers in small companies to participate in job training programmes. In the unemployment benefit programme the social safety net and incentive for reemployment is not high so that the majority of the unemployed are not in the social protection system. The job-brokering functions of the employment security centres appear to have failed to satisfy the demand of employers and job seekers focusing on regular and advantaged workers rather than non-regular and disadvantaged workers.

Although South Korea has established a PES it has not yet achieved the same level of effectiveness as in other countries and there is still some reliance on economic growth to resolve the problem of unemployment.

Item Type: Thesis
Creators: Lee, S.K.
Date: 2005
ISBN: 9781369316933
Divisions: Schools > Nottingham Business School
Record created by: Linda Sullivan
Date Added: 30 Sep 2020 15:11
Last Modified: 13 Sep 2023 15:23

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