Foreign enrollment in defined contribution pensions soars 67.5%

The number of foreign nationals enrolled in South Korea's defined contribution retirement pension plan has surged 67.5 percent in 3 1/2 years, highlighting their growing participation in the country's retirement savings market and the potential to broaden the long-term investment base. Foreign DC plan subscribers reached 46,872 at the end of June this year, up from 27,989 at the end of 2022, according to Financial Supervisory Service data obtained by People Power Party Rep. Park Sung-hoon and sh

Source: The Korea Herald