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Coverage & Contribution

All employers who employ one or more employees are required by law to pay

contributions to this insurance.

Recipients

Voluntary coverage for small-medium businesses who employ less than 50

employees.

Foreigners are also covered.

Medical Care & Treatment

Cash benefits

If the recipient is unable to work due to medical care or medical care is over or

workers die from occupational accidents, cash benefits are transferred to bank

accounts of the recipient in coincidence with the determination of paying benefits.

Medical Benefits

Medical care is provided to injured workers until they have recuperated. It includes

a full range of services, such as medical treatment, medication, appliances,

prostheses, artificial limbs, surgery, extra care, hospitalization, nursing, transportation,

recurrence and hospital relocation. Full expenses of medical care are entirely covered

and are paid by Korea labor Welfare Corporation(Welco) to hospitals in compliance

with the regulation set by the Minister of Labor.

Nursing Benefits

Payable in accordance with current nursing fees to nursing services always or

frequently used by others who have a residual chronic disability after medical care.

Temporary Disability Benefits

70% of the average daily wage gets paid to injured workers to compensate for

their loss of income during the period they were unable to work because of injury.

Permanent Disability Benefits

If the disability still exists after receiving medical care, injured workers are paid

according to their impairment rating.

Survivor Benefits

If workers have died due to occupational accidents or diseases, cash benefits will

be paid to eligible surviving dependents. Pension payment is included in this.

However, it also can be paid in half as a lump sum and half as a pension if desired.