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S. Korea's unemployment benefit hits new high in June
Updated: 2020-07-13 17:00:56 KST
The amount of unemployment benefits paid out in South Korea last month rose to a record high.
According to the labor ministry, the government paid 1.1 trillion won -- or a little under a billion U.S. dollars -- in state unemployment allowances last month.
That's an increase of nearly 63 percent on year.
The figure has broken record after record since February because of the COVID-19 pandemic.
The ministry explained, that not only have many Koreans lost their jobs but the government has increased the budget for unemployment. and the length of the benefits since last year.
Reporter : claudiakim@arirang.com