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2021 KOREA BASIC INCOME FAIR

2021 Korea Basic Income Fair successfully opened in Gyeonggi Province.


KINTEX Grand Ballroom entrance
ⓒGyeonggi Province
2021 Korea Basic Income Fair, world’s leading platform for discussion of basic income, concludes successfully.

The 2021 Korea Basic Income Fair, held under the slogan “Humans Humanely,” ran from April 28 to 30 at the Korea International Exhibition Center in Goyang City of Gyeonggi Province. The opening ceremony was streamed live via the event’s official YouTube channel and website (basicincomefair.gg.go.kr).

Approximately 1,000 online participants who had signed up in advance took part in the opening ceremony. Only a minimal number participated on-site in consideration of social distancing measures.

Gyeonggi Province Governor Lee Jaemyung made the opening address and Abhijit Vinayak Banerjee, Professor of Economics at the Massachusetts Institute of Technology (MIT) and winner of the Nobel Prize in Economic Sciences in 2019, delivered a keynote speech on the topic of “Proliferation of Basic Income in the Era of the COVID-19 Pandemic.” Prof. Banerjee spoke of the possibility for the universal expansion of basic income, stating that experiments with basic income in Kenya and elsewhere showed no proof that receiving cash made people lazy or had a negative impact on labor supply.
2021 Korea Basic Income Fair Exhibition Hall
ⓒGyeonggi Province
Visitors are enjoying the magic show at the fair
ⓒGyeonggi Province
2021 Korea Basic Income Fair Exhibition Hall
ⓒGyeonggi Province
Even before the offline fair began, the number of advance visitors to the website and online exhibition booths featuring key content of the 2021 Korea Basic Income Fair exceeded 200,000 by April 21, increasing expectations for the opening of the main event on April 28.

Among the exhibition booths, the Basic Income Booth held a prominent position for its content regarding the history, significance, and necessity of basic income. It occupied a key space at the event venue entrance and provided an easy, exact explanation of the basic concepts of basic income to visitors.

The next booth was the Global Basic Income Booth which showcased examples of basic income from all over the world. This included detailed information on the basic income experiments undertaken in Europe, including Germany, Switzerland, Spain, Finland and Italy, as well as in the Americas, including Canada and Brazil. One of the most renowned examples was the Alaska Permanent Fund.

Another notable exhibit was the Youth Basic Income Booth. Youth Basic Income is an initiative through which KRW 1 million (KRW 250,000 per quarter) is provided as basic income via local currency to young adults (age 24) who have lived in Gyeonggi Province for three consecutive years or ten years total. The booth provided explanations regarding the system and allowed participants to check if it was applicable to them.
Basic Income Video Theater
ⓒGyeonggi Province
Express Delivery Hall
ⓒGyeonggi Province
There was also a booth for a special delivery app, the Delivery Express app, which has received considerable attention recently. According to the information displayed, local currency (procurable at discounted prices) can be used to order food; there are no advertising fees, and only a 1% commission, making it a delivery app that benefits both consumers and small businesses.

Finally, the Ideas Booth showcased videos, posters, calligraphy, among others, on the topic of basic income.

More event content is available at the Korean Basic Income Fair online exhibition booths (http://basicincomefair.kr/booth/main.asp).
Book & Rest Area
ⓒGyeonggi Province
Various basic-income-related contents are offered 
ⓒGyeonggi Province

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Gyeonggido-Korea (경기도): 2021 KOREA BASIC INCOME FAIR
2021 KOREA BASIC INCOME FAIR
2021 Korea Basic Income Fair successfully opened in Gyeonggi Province.
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