South Korea

South Korea’s government to increase childcare subsidies for 3 to 5 year-olds

Yonhap News (September 26, 2012)

Under a government plan to expand public welfare benefits and help relieve families of the financial burden of childcare, all South Korean households with kindergarten children between the ages of 3 and 5 will be paid 220,000 won (US$196) per child every month. The Ministry of Education, Science and Technology, has announced that the monthly childcare subsidy for families with 5-year-olds attending kindergarten or daycare centers will rise by 20,000 won (US$18) per child from the current 200,000 won (US$179). Young children not at kindergarten or daycare centers will not be covered by the subsidy program. 

For more information:

Link to article (in Korean)

Link to the Finance Ministry’s final budget plan for 2013 (in English)

//

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s