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Voluntary subscribers for state pension service declining

The number of South Koreans who voluntarily subscribe to the National Pension Service continued on a downward trajectory last year, according to the NPS on Thursday. As of November of 2023, 858,829 of those subscribed to the state-run pension plans were categorized as voluntary subscribers. The National Pension Act mandates that anyone living in South Korea with a fixed income including foreign nationals betwee.

Steadfast or stubborn? Yoon pursues controversial policies before April elections

As the April 10 general elections approach, President Yoon Suk Yeol is championing contentious policies, including the expansion of annual enrollment quotas at medical schools and the abolition of the gender equality ministry.

Ruling party proposes new security council against NK threats

The ruling party's floor leader on Wednesday called for the establishment of a trilateral security council formed of members of the Cabinet and the two major parties to counter threats from North Korea. “North Korea is projected to step up its provocations ahead of our general election (scheduled for April 10) and the US presidential election (in November),” People Power Party Floor Leader Yun Jae-ok.

Over 3,700 high-income workers make more than W110m monthly: data

Over 3,700 high-income employees subscribed to the state-run health insurance scheme are earning more than 110 million won ($82,300) per month, paying a medical premium of 4 million won monthly, data showed Monday. The figure translates into an income of at least 1.32 billion won annually. As of October last year, 3,791 people were categorized as employed subscribers paying the maximum amount for health insurance pre.

Over 3,700 high-income workers make more than W110m monthly: data

Over 3,700 high-income workers make more than W110m monthly: data
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