[Life, unprepared] Pension reality check looms as reformists face public backlash
EconomyAug 2, 2021
This is the final installment of a series of articles investigating financial activities of seniors amid the rapid digitalization of the finance industry. -- Ed. The birth of the National Pension Service in 1988 epitomized South Korea’s ambition to achieve economic maturity, to build a socioeconomic safety net and to materialize hardworking people’s dreams for a stable and quality life after retirement. More than three decades on, the mandatory social security pension scheme has ri