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Social Security System (SSS) - Introduction to Korea's social security system.

Definition of social security?

Social security refers to a collective means to governmentally and legislatively provide timely and proper measures against various risks that social members would face during their life.

Definition of  social security as provided in the Basic Act on Social Security (enacted as of now in Korea)

In Korea, the legal definition of “social security” is embodied in the “Basic Act on Social Security.”
The clause 3.1 of the same act provides that “social security refers to a collective system of social insurances, public assistances, social welfare services and other related welfare programs designed to protect people from various social risks, including diseases, disabilities, old age, unemployment, death, poverty, etc., and thereby, improve their quality of life.”

Social security system in Korea

Social security system in Korea diagram

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