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Financial Crisis and Social Security: The Paradox of the Republic of Korea

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  • Dong‐Myeon Shin

Abstract

This paper seeks to answer the questions why and how the social security system in the Republic of Korea has expanded in the wake of the financial crisis. The author first reviews the characteristics of the Korean welfare system before turning to the social effects of the financial crisis, then examining the resultant changes to the social security system and highlighting the driving forces behind them. The paper argues that the development of the system can be mainly attributed to the change of policy networks from a symbiotic alliance between the State and business to a tripartite corporatismand growing social demands for social welfare.

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  • Dong‐Myeon Shin, 2000. "Financial Crisis and Social Security: The Paradox of the Republic of Korea," International Social Security Review, John Wiley & Sons, vol. 53(3), pages 83-107.
    • Handle: RePEc:wly:intssr:v:53:y:2000:i:3:p:83-107
    DOI: 10.1111/1468-246X.00079
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    Cited by:

    1. Fleckenstein, Timo & Lee, Soohyun Christine, 2017. "The politics of labor market reform in coordinated welfare capitalism: comparing Sweden, Germany, and South Korea," LSE Research Online Documents on Economics 68210, London School of Economics and Political Science, LSE Library.
    2. Seungwoo Han, 2023. "Welfare regimes in Asia: convergent or divergent?," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-14, December.
    3. O. Yul Kwon, 2010. "The Korean Economy in Transition," Books, Edward Elgar Publishing, number 1956.
    4. ., 2010. "Income Distribution and Social Welfare Policy: Issues and Strategy," Chapters, in: The Korean Economy in Transition, chapter 12, Edward Elgar Publishing.

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