Welfare in South Korea

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South Korea's welfare level has evolved significantly over time. In the past, limited resources and defense spending priorities hindered welfare development. But since the early 2000s there has been a gradual increase in welfare spending. In 2023 the welfare budget amounted to 109 trillion won ($84.4 billion) – one-sixth of the national budget. The perception of welfare has shifted from negative to positive, with positive reviews for education and health policies. The National Health Insurance system is regarded as one of the best globally, but there are concerns about wasteful resource use. While certain welfare policies have surpluses, others face shortages, such as low allowances for veterans. The national pension system is essential due to aging demographics. Women's welfare has been a significant focus, with efforts to address gender inequality and promote women's rights. Overall South Korea's welfare system has undergone significant transformations and improvements.^[1]