[Editorial] Pension reform bill
With only a few days left until the 21st National Assembly’s term expires on May 29, rival parties have one thing they can achieve, if they have the will, which is passing the pension reform bill. As South Korea rapidly ages, the national pension fund is expected to be drained by 2055 if no structural changes are made. If the pension system isn’t revamped now, the National Pension Service might have to sell off its investment assets in six years to pay out pension benefits, according
May 24, 2024