Pension
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East Asia
S. Korea: Woori to launch center for pension fund management
Woori Bank will open a center for pension fund management Monday, to improve its customers’ return on assets, the bank said Friday. According to Woori, the center will be a comprehensive consulting center staffed by 30 advisors specializing in private banking. The bank’s division for pension funds will be in…
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East Asia
In graying S. Korea, retirees delay receiving public pension
At 62, Kim Byung-jong reached public pension age last month. Instead of automatically taking the state pension, Kim, a retired car salesman, asked the National Pension Service (NPS), the operator of South Korea’s state pension fund, to defer his pension for five years. The reason? Delaying his pension will increase…
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East Asia
Personal pension savings rise 4.9 pct in 2018
South Korea’s personal pension savings rose 4.9 percent last year from a year ago, thanks to robust demand for nest eggs after retirement, data showed Tuesday. The nation’s personal pension savings reserves stood at 135.2 trillion won (US$118.2 billion) in 2018, up 6.4 trillion won from a year earlier, according…
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South Asia
People Don’t Grow Old For Nothing
An elderly woman participates in a protest in New Delhi, India, Thursday, May 10, 2012. Hundreds of elderly from the country have been protesting near the Indian parliament for the last three days to demand a universal old age pension for those above 60 years of age. <AP/NEWSis> news@theasian.asia
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