The National Pension Service (NPS), the second-largest shareholder of Korean Air, voiced its opposition of the reappointment of Korean Air and Hanjin KAL chairman Walter Cho as a board member of the airline company.
A subpanel under a parliamentary committee for pension reform has endorsed two potential strategies for overhauling the national pension system on Tuesday.
The Seoul Central District Court on Monday acquitted Lee Jae-yong, chairman of Samsung Electronics Co., on charges of breach of trust and accounting fraud to push the merger of two Samsung affiliates.
The head of the National Pension Service (NPS), the largest shareholder of Posco Holdings, openly criticized the steel group's chairman selection process due to its involving of the current chairman in the procedure.
President Yoon Suk Yeol said Monday that his administration prioritizes "public consensus" on pension reform, rejecting criticism that the government's comprehensive plan presented last week lacked the numbers to back it up.
President Yoon Suk Yeol must make a drastic decision, as he pledged to start three major reforms, including the national pension, if elected.
The Yoon Suk Yeol administration plans to pass over the details of its pension reform bill and instead present a comprehensive pension reform bill with less than six months left before the next parliamentary elections.
Nearly four out of 10 people over the age of 65 in Korea were categorized as poor as of 2021. However, experts say this figure is misleadingly high since it fails to take into account their real wealth, including assets.
The three reforms require consensus with the concerned parties. The government must persistently persuade the people and political parties to go forward.
Korea's central bank and state pension operator have agreed to open a currency swap line as part of efforts to ease market volatility, foreign currency authorities said Thursday.
Korea JoongAng Daily Sitemap