Description
The birth and remarkable expansion of Korean social welfare policy over the last several decades has taken place amidst the socio-economic burdens of a rapidly aging society. This book surveys these developments through the analytic lens of the Social Investment State, under which contemporary policies have altered the essential character of the 20th century welfare states, which had provided a counterforce to capitalism. In contrast, the Social Investment State is seen as backing policies designed to advance capitalism by promoting labor force participation, the growth of human capital, individual responsibility and economic development. In examining the modern context and development of the Korean welfare state, this book is divided into three sections that focus on the socio-political evolution, the core policies of the Korean welfare state, and the contemporary policy challenges of Korea's aging society. The first section traces the socio-political evolution of the Korean welfare state over the last three decades. The second section surveys the core policies of the Korean welfare state. The third section explores several key policy challenges encountered by the Korean approach to social investment as it seeks to address the demands of social protection in a rapidly aging society. The volume concludes with a postscript that reviews the contemporary Korean discourse, which goes beyond the social investment state to the political interests in a universal basic income policy.
Table of Contents
IntroductionPart I Evolution of Korean Social Policy:1.Development Trajectory and Future Directions of the Korean Welfare StateEugene Yeo 2. The Inclusive Welfare State In Korea Heung-Seek Cho3. Welfarenomics: Inclusive CapitalismSang-Mok SuhPart II The Policy Pillars of the Welfare State4. Income Security System in Korea Kyungbae Chung5. National Health InsuranceSoonman KwonPart III Policy Challenges of A Rapidly Aging Society6. Long-Term Care: Experience and ChallengesJaeeun Seok7. Inclusive Community Care Policies in KoreaYeong-shin Jang8. Filial Piety: Continuity and Change Kyu Taik Sung9. Confident Aging: A Solution for Longevity with DignitySang Chul ParkPostscript Korean Social Policy Debate on Universal Basic Income
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