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Kimball Electronics Vice President, Human Resources Julie Dutchess to Retire After 43 Years with the Company

Kimball Electronics Vice President, Human Resources Julie Dutchess to Retire After 43 Years with the Company

JASPER, Ind., Jun. 28 (Korea Bizwire) — Kimball Electronics, Inc. (Nasdaq:KE), announced today that Julie Dutchess, Vice President, Human Resources, will retire after nearly 43 years with the company. Ms. Dutchess started her career at the Jasper, Indiana manufacturing operation and held various positions of increasing responsibility before she was named Vice President, Human Resources [...]

Fewer South Korean Seniors Need Work to Cover Living Expenses

Fewer South Korean Seniors Need Work to Cover Living Expenses

SEOUL, May 25 (Korea Bizwire) — A recent survey commissioned by the Ministry of Health and Welfare has revealed that 3 out of 10 elderly adults above the age of 65 were found to be economically active because they were unprepared for retirement. The survey found that 30.9 percent of 10,299 individuals questioned between April [...]

Majority of Middle Class Households Face Poverty After Retirement

Majority of Middle Class Households Face Poverty After Retirement

SEOUL, Dec. 7 (Korea Bizwire) – A shocking report has revealed that 6 in 10 middle class families in South Korea could suffer from financial hardships after retirement due to a lack of proper preparation. A study conducted by NH Investment & Securities’ research center found that 61.7 percent of middle class households believe their income [...]

What Retirement? Elderly Continue to Work Into Their Twilight Years

What Retirement? Elderly Continue to Work Into Their Twilight Years

SEOUL, Jul. 26 (Korea Bizwire) — On July 25, Statistics Korea released its findings on the labor market for the elderly (ages 55 to 79). Titled “Results of Supplementary Research on the Elderly Labor Market for May, 2017”, the report contains extensive insight into the elderly population’s general work history, pensions, and attitudes towards work [...]

Middle-aged Koreans Want to Work Longer for Stable Livelihoods after Retirement: Poll

Middle-aged Koreans Want to Work Longer for Stable Livelihoods after Retirement: Poll

SEOUL, Jul. 12 (Korea Bizwire) — Middle-aged South Koreans want to work longer and believe they need about half of their present salaries to enjoy a stable life after retirement, a local business lobby said Wednesday. In a survey of 1,136 Koreans aged 40 or older, the Federation of Korean Industries’ Center for Large and [...]

8 in 10 Low-Income Earners Will Have No Pension After 65

8 in 10 Low-Income Earners Will Have No Pension After 65

SEOUL, Jun. 30 (Korea Bizwire) — Eight out of ten low-income, middle-aged and elderly people between the ages of 38 and 63 will likely face an uncertain financial future after retirement without a private pension or retirement pension, let alone the national pension, even after they turn 65. This forecast is based on an audit [...]