Universal basic income touted by South Korea presidential candidate

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Universal basic income touted by South Korea presidential candidate
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Universal basic income could become a reality in South Korea under a presidential candidate who once likened himself to Bernie Sanders

he aspired to be"a successful Bernie Sanders," touted guaranteed monthly payments, no strings attached, for South Koreans should he win the presidential election. Under his five-year plan, South Koreans would initially receive a 1 million won, or $840, annual payment that would be expanded over the years until residents would get monthly payments of 500,000 won, or $420.

He added that he will work to"root out unfairness, inequality and corruption" and restore economic equality in the region.

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