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.