personal pension Archives | Be Korea-savvy

Pension Savings Grow 5 pct in 2021 amid Youngsters’ Keen Interest in Retirement Preparations

SEOUL, April 11 (Korea Bizwire) — South Korea’s personal pension savings grew 5 percent in 2021 as younger people have keen interest in making preparations for post-retirement life, data showed Monday. The country’s personal pension savings reserves came to 160.1 trillion won (US$130.2 billion) last year, up from the previous year’s 152.5 trillion won, according [...]

Financial Watchdog to Return Unclaimed Personal Pension Benefits to Pension Heirs

SEOUL, Sept. 17 (Korea Bizwire) — South Korea’s financial watchdog is set to return unclaimed personal pension benefits being held by insurance companies. After searching for people entitled to unclaimed personal pension benefits, the Financial Supervisory Service (FSS) found that there were a total of 3,525 personal pensions with an aggregate value of 72.8 billion [...]