Korea Retirement Pension Development Institute to Increase Retirement Financial Planning Education

The Korea Retirement Pension Development Institute is stepping up efforts to provide systematic reemployment services for retirees and expand financial planning education for old age.

On the 6th, the Korea Retirement Pension Development Institute held a business agreement ceremony with Ingeus, a domestic specialized organization for career transition support services. Both institutions agreed on the need to prepare for the issue of a sharp income decrease immediately after retirement. Accordingly, they decided to provide education on asset liquidity in old age using products such as housing pensions and farmland pensions.

Kim Kyung-sun, Chairman of the Korea Retirement Pension Development Institute, said, “Recent research shows that beneficiaries' satisfaction with career transition support services is relatively high,” but added, “There is a significant gap in the professionalism of services, and they are operated in a closed manner by each company, so the government should also make efforts to develop software such as service manuals.”