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Article: Chaebol Heads Pay Less in Health Insurance Premiums Than Smaller Bizmen.
- Article from:
- Korea Times (Seoul, Korea)
- Article date:
- October 10, 1999
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Business tycoons of family-run industrial conglomerates, or chaebol, were found to have paid less in health insurance premiums than heads of smaller firms.
According to Rep. Kim Hong-shin of the opposition Grand National Party (GNP), chairmen of the nation's 30 largest conglomerates paid a monthly average of 270,000 won in medical insurance premiums last December.
Kim said that those business tycoons' monthly income averaged 18.05 million won.
He said that 11,000 smaller businessmen and company workers made larger obligations to the ...