The amount of funds awarded by the Minister of Employment and Labor to a business owner, as prescribed in Article 27 shall be determined by multiplying the sum of monthly premiums for due for employment security and vocational skills development programs specified in the relevant year's employment insurance premium prescribed in Article 16-3 of the Act on the Collection of Insurance Premiums for Employment Insurance and Industrial Accident Compensation Insurance or the relevant year's estimated employment insurance premium prescribed in Article 17 of that Act by a rate determined by Presidential Decree, which also sets forth fund limits. <Amended on Jan. 27, 2010; Jun. 4, 2010; Jan. 5, 2021>
Laws › Employment Insurance Act › CHAPTER III EMPLOYMENT SECURITY AND VOCATIONAL SKILLS DEVELOPMENT PROGRAMS
Employment Insurance Act — Article 28 (Subsidization criteria)
고용보험법 제28조
This English translation is based on the Korean text effective 2025-10-01. The Korean law has since been amended (current version effective 2026-09-18) — check the Korean original.
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