(FINANCIAL TIMES) - A universal basic income (UBI) of more than US$400 (S$542) a month is moving closer to reality for South Koreans as leading presidential candidates vow to unleash radical policies to combat worsening inequality.
The UBI - a government programme whereby the state unconditionally pays everyone a monthly sum - is viewed by some economists as a fix to entrenched poverty and by libertarians as a way to demolish bloated bureaucracies. But critics believe the policy is impractical and unaffordable.
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