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NABO in the Press

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Axes likely on civil servant pension perks
Korea Times - September 17, 2014
The civil service pension fund has seen deficits since 1999, and the current law allows these shortfalls to be covered by taxpayers' money. If the current pension system continues, about 3.5 trillion won will be needed to cover shortfalls in 2016, and this amount will grow by 600-700 billion won every year, according to the National Assembly Budget Office.

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Profitability from dividends dips as companies pile up capital reserves
ArirangTV - September 16, 2014
The National Assembly Budget Office says capital reserves by Korean companies in 2012 was almost 30 times higher than the total in 1990.
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Public funds debt snowballing
MKnews - September 15, 2014
According to the Finance Ministry and the National Assembly Budget Office data on funds operation obtained by the office of Rep. Oh Se-je, (New Politics Alliance for Democracy), the combined net liabilities (debt minus assets) of 64 public funds came to 206.8 trillion won ($199.3 billion) in 2013, a sharp increase of more than 1.5 times compared to the previous year (80.4 trillion won).
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Korea's Potential Economic Growth Projected To Hover Near 3.5 Percent
TBS - September 10, 2014
The National Assembly Budget Office forecast the country's potential growth rate to average 3.6 percent in the 2014 to 2018 period, which is the pace at which annual output can expand without pushing up inflation. Financial experts said the lower projection was in consideration of the tepid investment, shrinking workforce and weak domestic demand.

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Household Income Plummeting amid Soaring Corporate Income, Particularly i...
Business Korea - September 5, 2014
According to the National Assembly Budget Office, the ratio of household income to gross national income fell from 70.6 to 62.3 percent in Korea between 1995 and 2012. During the period, the OECD average dropped just 4.2 percentage points from 71.9 percent. The office explained that the OECD average is the average of 20 of the member countries where the data is available for each of the 17 years.
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