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Employment Insurance Act — Article 84 (Accumulation of Fund)

고용보험법 제84조

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 shall maintain accumulated surplus funds as a reserve fund in preparation for mass unemployment and other precarious job conditions. <Amended on Jun. 4, 2010>

(2) The appropriate level of the reserve fund prescribed in paragraph (1) shall be as follows:

1. Year-end reserve fund of the business account of job security and vocational skills development programs: An amount not less than the expenditures for the relevant year but not more than 1.5 times that amount;

2. Year-end reserve fund of the unemployment benefit account: An amount not less than 1.5 times the expenditures for the relevant year but not more than 2 times that amount.[This Article Wholly Amended on Dec. 31, 2008]

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