Industrial Accident Compensation Insurance Fund
The Industrial Accident Compensation Insurance Fund is a mandatory social insurance program in South Korea that provides compensation and medical benefits to workers who are injured or become ill due to their jobs. The program is administered by the Ministry of Employment and Labor. Industries it has a preference for include diversified/conglomerates, automobiles, other vehicles and parts, biotechnology, real estate, consumer products (CPG; FMCG), financial services, food and beverage, healthcare, industrial machinery, industrials, information technology, insurance, media (text; video; audio), retail, software, transportation services, and travel and leisure. Verticals it has a preference for include artificial intelligence (AI) and machine learning, data services, cloud computing, and IoT (Internet of Things). Its preferred route(s) to market include primary funds and secondary funds.