Key reforms will likely include tiered contributions and a stabilization mechanism to ensure fund longevity
South Korean President Yoon Suk-yeol is expected to deliver a speech on pension reform sometime this week, during which he is likely to address the sustainability of the country’s pension fund and intergenerational equity.
The debate over South Korea’s pension system has been ongoing for years. Previous attempts to reform the system have faltered, largely due to political disagreements and a lack of consensus.
South Korean President Yoon Suk-yeol is expected to deliver a speech on pension reform sometime this week, during which he is likely to address the sustainability of the country’s pension fund and intergenerational equity.
The debate over South Korea’s pension system has been ongoing for years. Previous attempts to reform the system have faltered, largely due to political disagreements and a lack of consensus.
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