CODE 18 -71
Reference.....
LA/HK/2
(69)
Quaytrill
пара
Mr Quantrill HKGD
199
ши
K 247
HONG KONG : SOCIAL SECURITY
1.
You may be interested in information given to me today by a visiting professor from the Institute of Labour and Management, Sogang University, Seoul - Professor Park - about a contributory and compulsory national insurance scheme to be implemented in Korea next year.
It is based on a 6% contribution by workers, 6% by employers and 3% by government, and will provide sickness, unemployment and retirement benefits. We understand that it will eventually replace a public assistance scheme.
2. It might be worthwhile obtaining more information from the Embassy at Seoul so that we can present the hard facts of the scheme to the Hong Kong Government which so consistently argues that Korea is one of its major competitors and that Hong Kong employers cannot be placed at a disadvantage with its neighbours. There is also the point that Hong Kong stated policy is to introduce the best employment and social practices found in the region (with the exception of Japan)
31 August 1978
HR G Hurst Overseas Labour Adviser
c. Mr Cooper FED
~ Stang
9
agree:
K 259
* will you or thiss Wills please take this
up with the Embassy in Seoul?
гли
Miss
Flous fllow this up.
Dia
IN
HKK 234/
RECEIVED IN REGISTRY 2. 51 - 8 SEP 1978
DESK OF INDEX
PA
BY
Nolemw CLE