Industrial Accident Compensation Insurance
What is the Industrial Accident Compensation Insurance?
- A kind of social insurance system designed to compensate for workers’ injury,
illness, disability, or death that occurred during work.
- Employers, not their employees, are responsible for the full amount of the
contributions to IACA.
- Foreign workers are also entitled to compensation by this insurance
regardless of the legality of their residence.
- ※ For more information, contact the Employment & Industrial Accident
Compensation Insurance Total Service of Korea Workers' Compensation
and Welfare Service.1588-0075
Procedures
- Incident occurrence
- Writing Application Form
- Submit to the regional Office
of Health Corporation
- Decide If IACA can be applied
- Notify the
employee(which person? the employer or the employee?)
IACI Benefits
- Medical Care Benefits
- Workers must get treatment from a medical center established or designated
by the Korea Workers’ Compensation and Welfare Service. Also, payment
should be made directly to the medical center according to the rule. However,
if workers sought cure and finished the payment first—owing to unavoidable
circumstances—they can be compensated later.
- Sick Leave Benefits
- If a worker gets injured or ill because of an accident while on duty, the inflicted
worker and his/her families are entitled to sick leave benefits for the
unemployment period within which the said worker is recuperating in order to
support their livelihood.
- Compensation Pension for the Sick and Wounded
- If an inflicted worker’s condition is grave and does not improved two years
after the start of his/her recuperation, this compensation pension is provided
to the worker and their families instead of the Sick Leave Benefits in order to
support their livelihood.
- Disability Benefit
- If an inflicted worker has recovered his/her health but left with mental disorder
or physical disability, this benefit is offered to the worker to compensate for
the loss of his/her labor productivity due to the disability.
- Personal Care Benefit
- If an inflicted worker requires regular or temporary personal care medical
service after the recuperation, the worker is entitled to this benefit.
- Bereaved Family Compensation and Funeral Expenses Compensation
- If a worker is dead or presumed to be dead, families who used to live together
with the worker are entitled to these benefits to support their livelihood. The
actual cost of the funeral procedure will also be compensated.