South Korean pension assets set to soar by year-end

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SOUTH KOREA - Corporate pension assets in South Korea could nearly triple by the end of the year to KRW40trn (US$32bn) once new tax rules come into effect, Towers Watson estimates found.

Total funded assets at the end of 2009 were KRW14trn. The consultancy estimated assets could swell to between KRW30trn and KRW40trn by year-end as sponsors switch from the current severance-base...

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