South Korea retirement pension switches from DB to DC surge 118% as market slump hits returns

South Korean workers switching retirement savings from DB to DC plans rose to 340,000 this year, up 118% from a year earlier, with conversions spiking in June-July as the KOSPI rallied. Some who switched then saw July-August returns of around -10% after the market fell, Kookmin Ilbo reported.

Detected & updated continuously · Source: Nebula