Abstract

This article examines the social and individual implications of the recent economic crisis in South Korea. It argues that although people's experience with economic crisis may differ considerably depending on a variety of circumstances, prolonged economic hardship, nevertheless, cause a serious threat not only to their health, but also to their quality of life in general. It goes on to suggest that the social policies designed to respond to the current economic instability in Korea are both narrow in scope and ineffective. This article concluded with a recommendation of some necessary factors which must be considered in formulating a long-term future policy, placing special emphasis on the reform of social services.