NH Investment & Securities Publishes Report Comparing Retirement Pensions in Korea and the US

NH Investment & Securities 100-Year Life Research Center announced on March 17 that it has published Issue No. 119 of the 'THE100 Report'.

This report covers the topic, "Same Pension, Different Results! What Made the Difference? 401(k) vs. Retirement Pension." It examines the development process and institutional differences between Korea's defined contribution retirement pension system (DC) and the U.S. 401(k) system, and analyzes the impact of similarities and differences by comparing subscriber behavior and performance.

Kim Dongik, Head of the NH Investment & Securities 100-Year Life Research Center, emphasized, "To enhance the efficiency of pension asset management and strengthen the function of securing post-retirement life, institutional mechanisms such as the U.S. 401(k) system's 'automatic enrollment and auto-investment' and 'asset outflow prevention measures' are crucial."

He added, "As Korea's retirement pension market is moving toward adopting a fund-type retirement pension system, if the introduction of new systems, the effective use of default options, and measures to prevent subscriber fund outflow function properly, it could greatly help workers build pension assets for their retirement."

'THE100 Report' is a research publication by the NH Investment & Securities 100-Year Life Research Center, which explores a variety of topics such as lifetime asset management for a happy 100-year life and aging trends.

This content was produced with the assistance of AI translation services.