Prospects and Tasks for Income Security Policy for 2024

Abstract

In this article, we provide an overview of changes in the income security policy and matters discussed between 2023 and 2024, and examine what impact this will have on the income security policy in the future. First, between 2023 and 2024, reform of the income security policy was promoted focusing on specific groups. Second, those who are eligible to receive the income security policy will have stable income security, but the poor who are not eligible will continue to have an unstable income situation. Third, as individual systems are being improved in the form of individual breakthroughs, issues that need to be discussed in terms of consistency and equity between systems are arising. Fourth, as cash benefits in the form of allowances are operated mainly by metropolitan or basic local governments, Korea's income security system may become complex and difficult to organize.