SEOUL, Sept. 15 (Korea Bizwire) — From saluting the national flag to congratulatory messages from comrades, a touching ceremony held at an Army barracks last month was much the same as any other event marking the retirement of soldiers from active duty. There was one difference, though: Those being honored were military working dogs. After [...]
SYCAMORE, Ill., Aug. 20 (Korea Bizwire) — Jim James, Chairman and CEO of IDEAL INDUSTRIES, INC. has announced he will retire on January 31, 2020. Steve Henn, a Group President from Illinois Tool Works (ITW) will succeed Jim as CEO on September 23, 2019. As long planned, Meghan Juday, a fourth generation family executive, will [...]
SEOUL, May 7 (Korea Bizwire) — As times are changing, the concept of a “lifetime workplace” is no longer true. Unlike the older generation, who had only tendered their resignations in their hearts for their entire lives, the younger generation now boldly chooses to retire. Retirement-related content is also gaining popularity, with subscribers flocking to [...]
SEOUL, Apr. 23 (Korea Bizwire) — The Hana Institute of Finance, a research unit of Hana Financial Group Inc., has suggested in its “Report on the Retirement Life of South Korean National Pensioners” published on Monday that nearly half of the recipients of the national pension plan see a 50 percent drop in their purchasing [...]
SEOUL, Jan. 29 (Korea Bizwire) — Six out of ten South Koreans in their forties and fifties continue to bear the financial burden of supporting their children, even after having retired. According to a survey conducted by the Korea Insurance Development Institute on South Korean citizens living in six major cities, 56.6 percent of those [...]
SEOUL, Dec. 27 (Korea Bizwire) — A recent study has revealed that South Korean men are twice as likely to suffer from depression after retirement compared to women. The Korea Institute for Health and Social Affairs (KIHASA) revealed on Wednesday how retirement can affect the psychological health of individuals. The study showed that the CES-D, [...]
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 [...]
SEOUL, Nov. 11 (Korea Bizwire) — The average retirement age set by South Korean big businesses reached 60.2 in 2017, up significantly from 57.5 in 2013, a report by a parliamentary research service showed Sunday. According to the National Assembly Research Service (NARS), the official age of retirement for companies with more than 300 people [...]
SEOUL, Oct. 18 (Korea Bizwire) — Nearly half of all South Koreans say they are economically unprepared for life after retirement. According to a study conducted by the Korea Insurance Research Institute, 45.9 percent of 2,440 adults surveyed said that “they were not prepared economically for the final years of their lives.” Among respondents, 38.8 [...]
SEOUL, Oct. 8 (Korea Bizwire) — A new survey has found that while non-retirees predicted their retirement age to be 65 years old, actual retired respondents had to quit work at 57. In addition, the survey found that 1.98 million won was the minimum monetary amount needed per month after retirement to cover daily expenses. [...]