S. Korea’s Corporate Retirement Pension Funds Top 145 Tln Won in 2016

SEJONG, Dec. 22 (Korea Bizwire) – Corporate retirement pension funds managed by South Korea’s financial institutions topped 145 trillion won (US$134 billion) last year, more than a decade after the country introduced the scheme, government data showed Friday. The scheme introduced in 2005 aims to help fund retirees’ severance payments. Companies and employees make contributions [...]