ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Should Lee Jae-myung, the ruling Democratic Party's pick, come from behind to win the presidency in March, South Korea could become the first major economy to adopt a universal basic income program.   © Illustration by Hiroko Aida
Asia Insight

Cash for all: Lee Jae-myung's radical plan to reshape South Korea

Presidential hopeful wants universal basic income to ease economic disparities

KIM JAEWON, Nikkei staff writer | South Korea

SEOUL -- Universal basic income, which has been gaining buzz on the fringes of mainstream economic thought, has become a central pillar in the platform of a South Korean presidential candidate.

Should Lee Jae-myung, the ruling Democratic Party's pick, come from behind in the polls to win in March, South Korea could become the world's first major economy to adopt a version of UBI.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more