SEOUL, April 22 (Korea Bizwire) — Hyundai Motor Co. has introduced a new program to support senior employees who want to look for new career opportunities after early retirement. The South Korea’s leading carmaker recently started operating a Career Consulting Service (CCS) program targeting employees over 50 who want to change jobs or careers, according [...]
SEOUL, April 11 (Korea Bizwire) — South Korea’s personal pension savings grew 5 percent in 2021 as younger people have keen interest in making preparations for post-retirement life, data showed Monday. The country’s personal pension savings reserves came to 160.1 trillion won (US$130.2 billion) last year, up from the previous year’s 152.5 trillion won, according [...]
SEOUL, March 9 (Korea Bizwire) — South Korean wage workers retire at an average of 49.3 years old, more than half of whom are forced to opt for early retirement, a report said Tuesday. Mirae Asset Investment and Pension Center said that according to Statistics Korea reports, the average age of retirement among those between [...]
SEOUL, Feb. 9 (Korea Bizwire) — An increase in the value of assets owned by senior citizens results in a rise in the possibility of their early retirement, causing a decline in labor supply to the economy, a central bank report showed Wednesday. According to the report by the Bank of Korea, a 10 percent [...]
SEOUL, Jan. 21 (Korea Bizwire) — Roughly one-third city residents would like to move to rural towns after retirement. The Korea Rural Economic Institute conducted a survey of 2,544 farmers and city residents, in which 34.4 percent of city residents expressed an interest in moving to rural towns after retirement, which was 7 percentage points [...]
SUWON, Jan. 10 (Korea Bizwire) — The protracted COVID-19 pandemic has brought about a major change in teaching methods, leading to an increase in the number of teachers applying for voluntary retirement. According to the Gyeonggi Province Office of Education, the number of teaching faculty (teachers, vice principals and principals) at the public schools within [...]
SEJONG, Dec. 23 (Korea Bizwire) — Corporate retirement pension funds under management expanded more than 16 percent in 2020 from a year earlier as the system has taken root here, government data showed Thursday. Cumulative corporate retirement pension funds stood at 255 trillion won (US$214 billion) as of end-December last year, up 16.1 percent from [...]
SUWON, Dec. 6 (Korea Bizwire) — The Gyeonggi Nambu Police Agency announced that ‘Mari’, a human scent sniffer dog, has retired after years of active duty. Detection dogs are specially trained to uncover perpetrators or evidence in a crime scene by following various scents. A Belgian Malinois, the 10-year-old dog began active duty in Aug. [...]
SEOUL, Nov. 30 (Korea Bizwire) — Cardinal Andrew Yeom Soo-jung retired as the Catholic archbishop of Seoul and apostolic administrator of Pyongyang on Tuesday, after more than nine years of service in the post. Appointed as the archbishop of Seoul in May 2012, Yeom went on to serve in the post for about nine years. [...]
SEOUL, July 29 (Korea Bizwire) — South Korea, the country with the highest poverty and suicide rates of seniors among the Organization for Economic Cooperation and Development (OECD) states, is struggling to improve the lives of senior citizens. A report from Statistics Korea released on Tuesday shows a gloomy forecast for older Koreans. Among 14.8 [...]