SEOUL, March 8 (Korea Bizwire) – A new analysis from the South Korean government warns the country of dangers facing pensions and the National Health Insurance Service (NHIS) in the coming years. Some worrying findings from the analysis paint a grim picture for health care users and pensioners in South Korea, as the national health [...]
SEOUL, Feb. 20 (Korea Bizwire) – Retirement plans are losing their credibility with below par rates of return. According to official data from four official bodies representing institutions offering retirement plans – the Korea Federation of Banks, the Korea Life Insurance Association, the General Insurance Association of Korea, and the Korea Financial Investment Association – [...]
SEOUL, Feb. 14 (Korea Bizwire) – South Korea’s state pension fund is expected to receive over 1 trillion won (US$869 million) in stock dividends from the country’s top 30 conglomerates, sharply up 20 percent from last year’s tally, industry data showed Tuesday. Industry tracker CEO Score analyzed dividend payments planned by the conglomerates-affiliated 97 companies [...]
SEOUL, Nov. 21 (Korea Bizwire) – The number of South Korean recipients of the state pension who are 100 years old or older has risen every year recently, data showed Monday. According to the data by the National Pension Service (NPS), the number of centenarians receiving the state pension came to 54 across the country [...]
SEOUL, Sept. 27 (Korea Bizwire) – South Korea’s pension subscription rate is too low to be able to handle the growing elderly population, and tax benefits may be one way of inducing people to sign on to private pensions for post-retirement life, a local research institute said Tuesday. According to the Hana Institute of Finance, [...]
SEJONG, Sept. 6 (Korea Bizwire) – With Korea’s low fertility rate of 1.24 (2015) and more of its working population retiring, an aging society is now at hand. The trend was reflected in a recent report by the National Tax Service and the Korea Institute of Public Finance, which noted the dramatic increase in the [...]
SEOUL, Aug. 11 (Korea Bizwire) – The number of female subscribers to South Korea’s state pension fund jumped remarkably in the past five years, data showed Thursday, indicating that more women are joining the workforce to guarantee they can financially support themselves in their later years. According to the data by the National Pension Service [...]
SEOUL, June 21 (Korea Bizwire) – Nine in 10 South Korean seniors are expected to live on the state pension in 2060, when the country’s national pension fund is estimated to dry up, a report said Tuesday. According to the report by the National Pension Research Institute, 91.3 percent of 17.62 million South Koreans aged [...]
SEOUL, Feb 4. (Korea Bizwire) – A woman referred to as ‘A’ (49), who kept her husband’s dead body in their house and received his pension for seven years, has been found not guilty of committing fraud. The Seoul District Court ruled that ‘A’ was not guilty, as the date of her husband’s death was [...]
SEOUL, Nov.24 (Korea Bizwire) – Securities firms are changing their window of communication from company newsletters to webzines. Instead of company newsletters that only shared corporate news with employees, webzines are not only providing tips and information on finance, but also other content related to topics such as culture and travel, establishing a multi-communication platform [...]