Koreans in ôstate of denialö over pensions
The National Pension System needs a dramatic overhaul. One think tank recommends restructuring it to include personal accounts.
Many Koreans are in a ôstate of denialö regarding the parlous state of their prospects for retirement, and the government needs to radically overhaul its social security programs if the nation is to avoid the crises now common in other aging societies, according to the Center for Strategic and International Studies (CSIS).
CSIS is a Washington, DC-based think tank with a unit dedicated to demographic and pension issues. It has just released a report, ôThe Aging of Korea: Demographi…
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