President reiterates commitment to public pension, tuition reforms
Social affairsJan 12, 2015
President Park Geun-hye on Monday insisted on proceeding with the controversial public pension reform during a New Year’s press conference, despite a fierce backlash from the nation’s public sector.“Last year, 2.5 trillion won ($2.2 billion) in taxpayers’ money was needed to cover the shortfalls in the public pension fund. (If we don’t proceed with the reform), the current system would require 10 trillion won in government subsidies over 10 years,” Park said, calling on the parties to draw up re