South Korean Political Parties Compete for Welfare Benefits in Effort to Win Votes

To be fair this is nothing new in modern societies with politicians using welfare handouts to get votes:

The government’s cash handouts as part of welfare benefits will reach a record W33 trillion next year (US$1=W1,130). The cash handouts for people in need have increased by W10 trillion in the two years since President Moon Jae-in came into office, with the total number of recipients reaching 10 million or one out of five citizens.

There are no fewer than 50 different types of welfare benefits ranging from basic pension payments for the 5.39 million elderly people to child benefits for 2.3 million people, living cost subsidies for 1.58 million low-income households and financial support for some 100,000 young jobseekers. Of course the government should provide for the needy, but the current administration’s cash welfare programs are like showering gifts of money on all comers.

In reality they are money for votes. Opposition parties do not want to sit idle and take the blows, and the Liberty Korea Party has already promised to boost next year’s proposed budget by W7 trillion to expand childcare support and others to keep up.  [Chosun Ilbo]

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