South Korea

SOUTH KOREA - The overhaul of the civil service pension scheme promised by the government is unlikely to happen until the end of 2007, local media reports have claimed.

SOUTH KOREA - Discussions to reform the national pension scheme in South Korea are underway in an effort to reduce the incidence of early retirement and ease the pressure on the scheme.

KOREA - Government plans to consolidate the imposition and collection of its four public insurance systems, including pensions, should see a rise in pension contributions by the self employed.

SOUTH KOREA - The government is set to reform its ailing government employee pension scheme, which is currently saddled with a KRW609bn (US$641m) deficit.

KOREA - The government is planning to reduce retired public workers' pension benefits through a reform of the public workers state pension fund.

KOREA - Korea's major pension funds, well known for favouring government bonds, are now significantly shifting toward equities after a stock market surge during 2005.

SOUTH KOREA - South Korea has asserted itself as king of the equity derivatives hill with its strengthening economy, a soaring stock market and a population increasingly keen on new investment products.

KOREA - Mercer Human Resource Consulting in Korea has entered into a corporate pensions business alliance with the Korea Development Bank (KDB). The agreement has set out the basis for mutual co-operation between Mercer and the Korean bank with the aim...

KOREA - The Organisation for Economic Co-operation and Development (OECD) has recommended DC-based pension reform as a means to to improve labour market mobility.

KOREA - Action by Korean government prosecutors against Hermes Investment Manage-ment may trigger a re-evaluation of the Korean market, the chief executive of the UK fund said in an interview.