SITUATION REPORT

South Korea: Pension Reform To Hit Legislative Opposition, Spur Protests if Passed

Sep 4, 2024 | 18:47 GMT

South Korea's health ministry released a pension reform proposal that would raise wage earners' pension contribution rate from 9% to 13% and hold the nominal income replacement rate at 42% (not continue to cut it to 40% through 2028, as per state plans), Yonhap News Agency reported on Sept. 4....

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