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Employment Insurance Act — Article 79 (Management and operation of Fund)

고용보험법 제79조

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.

(1) The Minister of Employment and Labor is responsible for the management and operation of the Fund. <Amended on Jun. 4, 2010>

(2) The National Finance Act shall govern the detailed matters concerning the management and operation of the Fund.

(3) The Minister of Employment and Labor shall manage and operate the Fund as follows: <Amended on Jun. 4, 2010>

1. Deposits with financial institutions;

2. Deposits in treasury funds;

3. Purchase of securities issued or guaranteed by the State, a local government, or a financial institution;

4. Acquisition and disposition of real property in relation to the operation of the insurance programs or for investment;

5. Other means of investment prescribed by Presidential Decree.

(4) The Minister of Employment and Labor who is responsible for the management and operation of the Fund under paragraph (1) shall ensure that the Fund’s earnings shall reach or exceed the level prescribed by Presidential Decree. <Amended on Jun. 4, 2010>

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