Middle-aged Workers Feel Pinch of Economic Downturn

SEJONG, Jan. 24 (Korea Bizwire) — South Koreans have long joked that the nation’s unofficial retirement age is 45. Since the 1997-98 Asian financial crisis forced South Korea to receive an emergency bailout loan from the International Monetary Fund in return for a painful restructuring of its banks and corporate sectors, middle-aged workers here have [...]