Monthly Living Cost for Middle-aged, Elderly Estimated at 1.45 Mln Won

SEOUL, Dec. 28 (Korea Bizwire) – South Korea’s state pension said Thursday the monthly cost of living for a citizen aged 50 and above to maintain a minimum lifestyle is estimated at 1.45 million won (US$1,350), which hovers far above the actual pension currently being paid out to recipients. The National Pension Research Institute said [...]