Dual Burden of Taxes and Health Insurance Threatens Real Value of South Korea’s Public Pensions

SEOUL, June 17 (Korea Bizwire) — A new report warns that South Korea’s elderly population faces a growing “double burden” as rising health insurance premiums and income taxes increasingly eat into public pension payouts, significantly reducing retirees’ real disposable income. According to a study released Tuesday by the National Pension Research Institute, the 2022 overhaul of [...]