Category: Korea

Oct 14 2024

Hong Kong, Korea, Mainland, Stocks

Spark Deep Dive: China raises retirement age due to pressure from ageing population

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Birth rates are falling and life expectancy is rising, meaning the country does not have enough young workers.

Oct 14 2024

Hong Kong, Korea, Mainland, Stocks

Deep Dive: China raises retirement ages as birth rate drops and ageing population grows

by News Desk

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China will raise its retirement age as it battles an economic slump and pressure from an ageing population. The retirement age for men will rise from 60 to 63 and...

Oct 10 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong launches e-platform for pension scheme

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The Mandatory Provident Fund Schemes Authority (‘MPFA’) has commenced a major overhaul of the Hong Kong pensions system with the launch of the …

Oct 09 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong’s MTR Corporation accuses Physical of owing it HK$2.8 million in rent and fees

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Corporation is seeking to recover HK$320,000, the sum remaining after deducting HK$2.48 million deposit paid by now-defunct gym chain in 2021.

Oct 08 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong’s MPF on track to achieve HK$150 billion annual investment earnings

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Hong Kong’s Mandatory Provident Fund (MPF) earned an investment income of HK$148.8 billion (US$19.12 billion) year-to-date as of September and is expected to reach the HK$150 billion mark in annual...

Oct 05 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong’s MPF members each gain HK$31,300 windfall, best showing in 7 years

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Fuelled by interest rate cuts and China’s stimulus measures, the market rally took MPF’s total assets to a record HK$1.327 trillion.

Oct 04 2024

Hong Kong, Korea, Mainland, Stocks

Hong Kong needs more incentives to keep older residents in workforce, experts say

by News Desk

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They point to raft of policies and incentives in Singapore and Japan aimed at keeping older residents working Hong Kong needs more incentives to keep older residents in the workforce...

Sep 25 2024

Hong Kong, Korea, Mainland, Stocks

Analysis-China’s retirement age reforms not enough to fix pension headache

by News Desk

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China’s move to raise retirement ages is a starting point to plug gaping pension deficits and bolster a shrinking workforce but more pain lies ahead as the economy slows, making...

Sep 24 2024

Hong Kong, Korea, Mainland, Stocks

China’s retirement age reforms not enough to fix pension headache

by News Desk

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China’s move to raise retirement ages is a starting point to plug gaping pension deficits and bolster a shrinking workforce but more pain lies ahead as the economy slows, making...

Sep 24 2024

Hong Kong, Korea, Mainland, Stocks

Plotting a path to pension parity

by News Desk

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The smaller average pension pot for women can be explained by both the gender pay gap and the fact that more women drop out of full-time employment during their working...