The loophole that led to Korea’s foreigner pension controversy

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For Koreans already worried about the future solvency of the National Pension, reports that foreigners could pay into the system for only a few months, make years of retroactive contributions and qualify for a lifelong pension were bound to be provocative. One case can be enough to prove a failure. It is not always enough to prove a pattern, especially when it touches a mandatory pension system that millions are required to pay into and whose long-term viability is already under question. Presid

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