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KMID : 1124020040200030173
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Korean Social Security Studies
2004 Volume.20 No. 3 p.173 ~ p.200
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Poverty in Korea: Current Status and Policy Issues
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Kim Mee-Gon
Kim Tae-Wan
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Abstract
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Poverty indicators are often used as basic data in making anti-poverty policy measures. However, many poverty-related indicators produced in Korea, among them poverty rates, vary from researcher to researcher, leaving the public confused and policymakers without bearings. This study, therefore, attempts to estimate poverty-related indicators in as objective a way as possible, conforming to the concept of poverty. The estimation shows that poverty-related indicators reached their peak in 1999 and slowly decreased thereafter until 2003, when they began to increase. There still remain gaps in the Basic Social Security System (BSSS), and policies on relative poverty are virtually non-existent. To make matters worse, the BSSS has many problems, including those associated with work disincentives, income underreporting, lack of poverty reduction, and poverty trap. To redress these problems, this study proposes plans to eliminate gaps, improve the benefit system, and introduce EITC. The benefit system, for example, should be reformed so that it can be more favorable to those who report their income correctly. In the case of EITC, the target group should be limited to the near poor.
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KEYWORD
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EITC, National basic livelihood security system, Absolute poverty, Relative poverty, Poverty Policy, no-cave zone of Basic security, the Benefit system improvement
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