post-retirement livelihood Archives

S. Korea Signals Stronger Recovery as Government Pushes Regional Revitalization

SEJONG, Nov. 19 (Korea Bizwire) – South Korea’s finance minister said Wednesday that signs of an economic rebound are becoming increasingly evident, pointing to aggressive fiscal spending and more targeted policy management as key drivers. At a meeting of economy-related ministers in Sejong, Finance Minister Koo Yun-cheol said consumer spending has begun to strengthen, helped [...]

Savings Rate Falls at the Same Time as Consumption

SEOUL, Korea, Mar 6 (Korea Bizwire) – A while ago the Bank of Korea published a report on people’s tendency toward rarely opening up their wallets for fears of post-retirement livelihood. Then are Korean consumers saving more instead of spending? The reality is savings are falling as much as consumption. What’s going on here? According [...]