Category: Korea

Sep 24 2024

Hong Kong, Korea, Mainland, Stocks

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

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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

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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...

Sep 19 2024

Hong Kong, Korea, Mainland, Stocks

Singapore rises as ideal destination for investors fleeing Hong Kong

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Singapore is set to benefit from an exodus of investment companies leaving Hong Kong, whose status as a global financial hub has been diminishing, a report has found.

Sep 18 2024

Hong Kong, Korea, Mainland, Stocks

Beijing’s pension plan grasps at a utopian reality

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HONG KONG, Sept 17 (Reuters Breakingviews … The fact officials are acting now points to a determination to tackle fiscal problems. Mandatory pension funds maintained by local governments amounted to...

Sep 17 2024

Hong Kong, Korea, Mainland, Stocks

More than 600 Physical Fitness employees seek government help after closure

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Around 670 employees of Physical Fitness are requesting assistance from the Labour Department (LD) after the Hong Kong gym chain abruptly closed its doors earlier this month, according to Labour...

Sep 14 2024

Hong Kong, Korea, Mainland, Stocks

Claims filed to watchdog over Hong Kong gym chain Physical soar to HK$113 million

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Biggest case received by consumer watchdog involves prepayment of HK$1.86 million for more than 1,900 private classes and 10-year membership The amount involved in complaints filed with the consumer …

Sep 14 2024

Hong Kong, Korea, Mainland, Stocks

For decades, Chinese workers have retired relatively early. That’s about to change

by News Desk

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Hong Kong (CNN) — For decades, Chinese workers have wrapped up … also lay out plans to extend the minimum working period for employees to receive a monthly pension from...

Sep 13 2024

Hong Kong, Korea, Mainland, Stocks

Complaints about Physical Fitness surge as shuttered Hong Kong gym chain’s Wan Chai branch rebrands as Healthy

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A banner for wellness brand Healthy has been erected outside what was until a week ago the Wan Chai branch of gym chain Physical Fitness, as complaints surged following the...

Sep 13 2024

Hong Kong, Korea, Mainland, Stocks

Lawmakers review plan to raise retirement age in fast-greying China

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China’s top legislative body this week assessed an official plan to delay the country’s retirement age, among the world’s lowest, taking a key step towards changing decades-old labour laws and...

Sep 11 2024

Hong Kong, Korea, Mainland, Stocks

Chinese Policymakers Discuss Proposal to Delay Retirement Age

by News Desk

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Reform is urgent with life expectancy in China rising to 78 years by 2021 from about 44 years in 1960, and projected to exceed 80 years by 2050. “It is...