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
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.
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