SEOUL, Sept. 27 (Korea Bizwire) – South Korea’s pension subscription rate is too low to be able to handle the growing elderly population, and tax benefits may be one way of inducing people to sign on to private pensions for post-retirement life, a local research institute said Tuesday. According to the Hana Institute of Finance, [...]
SEJONG, Sept. 6 (Korea Bizwire) – With Korea’s low fertility rate of 1.24 (2015) and more of its working population retiring, an aging society is now at hand. The trend was reflected in a recent report by the National Tax Service and the Korea Institute of Public Finance, which noted the dramatic increase in the [...]
SEOUL, Jan.6 (Korea Bizwire) – Among the elderly over 65 and living in Seoul, 3 out of 10 are working to make a living, and those who are working still have trouble covering their basic living costs. According an infographic entitled ‘What Type of Work do the Elderly of Seoul Do?’ created by the Seoul [...]
SEOUL, Oct. 30 (Korea Bizwire) – Research has shown that elderly citizens over the age of 60 in Korea spend almost half of their free time watching TV. The ‘Retirement Report No.22′, issued by the Mirae Asset Retirement Research Institute, revealed that the elderly over 60 spent 47.9 percent of their free time ‘watching real [...]
SEOUL, Jun. 26 (Korea Bizwire) — Koreans who consider themselves middle-income earners have unrealistically high expectations about their post-retirement lives, even as they save little. According to a survey conducted by AIA Group on 2,500 individuals from Korea, China, Hong Kong and Taiwan who consider themselves to be middle-income earners, Korean respondents answered that they [...]
CHANDLER, Ariz., Jun. 15 (Korea Bizwire) — Isola Group, a market leader in copper-clad laminates and dielectric prepreg materials used to fabricate advanced multilayer Printed Circuit Boards (PCBs), announced today the decision of its current President and Chief Executive Officer Ray Sharpe to retire. Mr. Sharpe will stay with Isola until his successor has joined [...]
SEOUL, July 23 (Korea Bizwire) – Among elderly people in Korea, lots of them are developing anxiety disorder making their lives harder due to severe uneasiness and fear for the future. Also, seven out of ten aged people are not doing any special leisure activities, a survey said. According to medical statistics from the National Health [...]
CHARLOTTE, N.C. June 10, 2014 (Korea Bizwire)–As millennial Americans have experienced the effects of the Great Recession of 2008, a strong majority (80%) say it has taught them they have to save “now” to “survive” economic problems down the road. Despite this generation’s reported lesson, 45 percent are not saving for retirement, while slightly more [...]