And a chronic obstacle facing Korean society… is its rapidly aging population. To provide a stronger safety net for the growing number of elderly,... the government will obligate all companies in the nation… to offer their employees private retirement plans in eight years time. That′s part of the plan announced by Finance Minister Choi Kyung-hwan following an economic ministerial meeting on Wednesday. By 2016,... all companies with 300 or more employees… would be required to subscribe to a retirement pension program. And by 2022, the provisions would extend to all companies, regardless of size. Minister Choi said… the government would also ease current regulations on retirement pension funds... to improve the firms′ operating profitability.... ( read more )
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Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)