In light of an improved economic outlook and rising salaries, companies in the region are looking anew at the benefits of launching retirement schemes.
Tag : corporate pensions
The industry is expected to double in size by the end of this year amid a continued relaxation of rules by the government, according to the Korea Financial Investment Association.
Cho In-kang of the Financial Services Commission says the government wants institutional investors to play a bigger role in growing Korea’s capital markets.
South KoreaÆs corporate pension market grew by 35.9% in December to $12.2 billion as big companies entered the new system.