SEOUL, May 2 (Korea Bizwire) — The National Pension Service (NPS), a key player in the domestic stock market, included two firms on its blacklist for paying low dividends to shareholders. According to the NPS, a special committee held a meeting on Wednesday last week and voted to reveal that Namyang Dairy Products and Hyundai [...]
SEOUL, Mar. 27 (Korea Bizwire) — South Korea’s state pension fund operator will push for actively exercising its rights as major shareholders of invested firms to promote the interests of subscribers in the mid and long term, a report showed Tuesday. In July last year, the welfare ministry and the National Pension Service (NPS) commissioned [...]
SEOUL, Dec. 27 (Korea Bizwire) – The National Pension Service is considering a workplace pension scheme for day laborers who work over eight days per month. According to the public pension fund on Monday, plans are being considered to ensure equal pension coverage in the workplace for day laborers as regular workers. Under the new [...]
SEOUL, Jul. 23 (Korea Bizwire) — The size of assets under management by South Korea’s state pension fund surpassed the 600 trillion won (US$536.2 billion) mark for the first time ever, the government said Sunday. According to the Ministry of Health and Welfare, the total value of funds controlled by the National Pension Service (NPS) [...]
SEOUL, June 28 (Korea Bizwire) – The percentage of elderly South Koreans receiving public or private pensions stood at 30 percent in 2016, a government report showed Wednesday. The report by the Board of Audit and Inspection (BAI), which analyzed data by the NPS and private insurance companies, showed many people remaining unprotected by the [...]
SEOUL, June 17 (Korea Bizwire) – Amid high youth unemployment rates, a rapidly aging population, and low birth rates, what will become of South Korea’s funds for health and pension is rapidly emerging as one of the most pressing social issues facing the country. When a government report came out in March revealing that the [...]
SEOUL, Jun. 15 (Korea Bizwire) — The number of national pension fund subscribers will begin falling in 2019 after peaking next year due to the declining economically active population, a report said Wednesday. The figure is expected to rise to 21.89 million this year and 21.93 million in 2018 from 21.83 million in 2016 before [...]
SEOUL, May 23 (Korea Bizwire) – A new report has revealed that South Koreans on average receive pension benefits that are significantly lower than the average income in the country before retirement, making the lives of retirees harder for those who rely on pensions. According to an audit report on the national pension system released [...]
SEOUL, May 12 (Korea Bizwire) – South Korea’s national pension fund has earned nearly 13 trillion won (US$11.5 billion) from stock investments this year thanks to the bullish stock market, data showed Friday. According to the data by market tracker FnGuide and industry sources, the value of 278 stocks, of which the National Pension Service [...]
SEOUL, May 2 (Korea Bizwire) – Retirees over 50 years old are most glad that they no longer have to deal with stress from work, but many feel that tight finances are dampening their post-retirement life, a survey said Tuesday. In the survey by the National Pension Service, conducted between April and September last year [...]