South Korea’s Pension Crisis: A Ticking Time Bomb

South Korea faces a severe pension crisis that threatens the financial security of its rapidly aging population. The National Pension Service (NPS), established in 1988 and now the world’s third-largest pension fund, is projected to deplete by 2055, raising alarm bells across the nation. As of 2024, the NPS fund is valued at 1,113.5 trillion […]

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