Employment Insurance Fund Korea
The Employment Insurance Fund Korea is a government-operated fund in South Korea that is part of South Korea's Employment Insurance system, designed to provide financial support and services to unemployed individuals and promote employment. The fund was established in 1995 to prevent joblessness and improve workers' vocational skills. The fund is financed through employer and employee contributions and provides unemployment benefits, employment stabilization programs and job skill development programs. Industries it has a preference for include: diversified/conglomerates, real estate, consumer products (CPG; FMCG), energy & utilities, financial services, food & beverage, healthcare, industrials, information technology, media (text; video; audio), retail, transportation services, travel & leisure. Verticals it has a preference for include: artificial intelligence (AI)/machine learning, cleantech, cloud computing, IoT (internet of things). Its preferred route(s) to market include: primary funds, secondary funds.