South Korea’s Yoon pledges urgent reform of $860 billion public pension fund
South Korean President Yoon Suk Yeol on Thursday pledged urgent reform of the national pension fund, one of the world's largest with $860 billion of assets, to make it more equitable and to ensure income security for an ageing population. Yoon said there had been a loss of confidence in the pension system across generations and there was a need for fundamental and sustainable reform to restore the trust of those who needed it in retirement. "Now is the time to...
