SEOUL, Dec. 20 (Korea Bizwire) — The number of South Koreans who made an interim withdrawal from their retirement pension in 2021 to buy a home reached an all-time high, government data showed Monday, as the country’s housing prices have skyrocketed over the past couple of years. According to the data from Statistics Korea, 55,000 [...]
SEJONG, Dec. 19 (Korea Bizwire) — Corporate retirement pension funds under management expanded 15.5 percent in 2021 from a year earlier, government data showed Monday. Cumulative corporate retirement pension funds stood at 295 trillion won (US$226 billion) as of end-December last year, up 40 trillion won from a year ago, according to the data compiled [...]
SEOUL, Dec. 17 (Korea Bizwire) — The “MZ generation,” a Korean term referring to millennials and Generation Z, are relatively more rigorous in terms of managing their retirement pensions, a survey showed Thursday. Mirae Asset Global Investments, a South Korean asset management firm, conducted a study of 1,000 office workers born between 1982 and 1996 [...]
SEOUL, Nov. 15 (Korea Bizwire) — Local securities firms are moving quickly to preempt the emerging retirement pension market as a future growth engine. The government will push for the mandatory introduction of retirement pensions through a legal revision, while introducing a retirement pension fund for small and medium-sized companies. The plan is aimed at [...]