SEOUL, Dec. 12 (Korea Bizwire) — A recent study has revealed that 60 percent of Koreans want to live overseas after retirement. Prudential Life Insurance Co. conducted a survey of 500 men and women living in Seoul and five major cities in South Korea, 60.4 percent of whom said they wanted to live abroad once [...]
INCHEON, Sept. 27 (Korea Bizwire) — Born, raised and currently living in Incheon, 76-year-old Kim Chun-seon leaves his home at 7 or 8 o’clock in the morning, pushing his cart. He makes a living by collecting cardboard boxes and scrap metal before reselling these items to a recycling center. But Kim’s work does not end [...]
SEOUL, March 9 (Korea Bizwire) – Raising grown-up children made the top five list of retirement risks amid rising youth unemployment in Korea, increasing the financial burden on local retirees. According to the latest report on retirement, compiled by the Mirae Asset Retirement Institute, the five major risks suffered by retirees in their 50s and [...]