Yonhap Infomax NewsThe Ministry of Employment and Labor is considering establishing a dedicated Retirement Pension Agency to manage South Korea’s growing fund-type retirement pensions, aiming to expand coverage for SMEs and address wage arrears, with assets already surpassing 1.3 trillion won ($940 million).
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[Retirement Pension Fund Reform Accelerates] Will a Dedicated Retirement Pension Agency Be Established?—The Ministry of Employment and Labor’s Perspective
The Ministry of Employment and Labor is considering establishing a dedicated Retirement Pension Agency to manage South Korea’s growing fund-type retirement pensions, aiming to expand coverage for SMEs and address wage arrears, with assets already surpassing 1.3 trillion won ($940 million).