Korean government subsidy available in relation to COVID-19 (Coronavirus) pandemic

l Korean government subsidy available in relation to COVID-19 (Coronavirus) pandemic

The Korean Ministry of Employment and Labor (MOEL) announced in February 2020 that the government subsidy for paid leave will be provided to employers who have granted paid leave to hospitalized or quarantined workers in accordance with the Infectious Disease Control and Prevention Act. The amount of support is based on the daily wage of the worker (up to KRW 130,000 per day) and employers can apply for the subsidy to the National Pension Service.

The MOEL also announced various other measures available to qualified companies in travel industry that are affected by the COVID-19 pandemic for job security of their workers.