S. Koreans aged 50 and above lack retirement plan: poll
Sept 30, 2013
South Koreans aged 50 and above have few plans for post-retirement life, a poll showed Monday, urging the authorities to revise its pension programs to cover those in need of support for basic needs.According to a nationwide poll conducted by the National Pension Research Institute in 2011, only 16.1 percent of 6,341 South Koreans aged 50 and above surveyed said they are enrolled in public pension programs.Among those who are covered by pensions, the majority were enrolled in the national pensio