Half of Early Old-Age Pension Applicants Have Below-Average Income, Revealing Income Inequality
SEOUL, Sept. 14 (Korea Bizwire) — Low-income South Koreans with income levels below the national average tend to opt for early old-age pensions, while higher-income individuals delay receiving their old-age pensions to benefit from a larger pension payout, recent statistics show. According to data that Han Jeoung-ae, a Democratic Party lawmaker and member of the National [...]