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NABO in the Press

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Korea set to be world’s most aged country in 2050
The Korea Herald - May 20, 2011
Research forecast Monday that Korea will become the world’s most aged society by 2050, raising an urgent need to prepare a safety net for the elderly and cope with a shrinking labor force.

People aged 65 or older are predicted to make up 38.2 percent of Korea’s total population in 2050, according to the report by the Korea Institute of Finance, more than tripled compared with 11 percent last year.

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Taxation polarized among salaried men
The Korea Times - May 9, 2011
The top 18 percent of Korea’s salaried workers paid more than 92 percent of the total income tax collected, research showed Sunday.

The 2009 data presented by Seong Myung-je, senior researcher at Korea Institute of Public Finance, showed that about 60 percent of 14.29 million salaried workers paid income tax while the rest received exemptions.

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Refiners consider following SK price cuts
The Korea Herald - April 4, 2011
Leading oil refiner SK Innovation’s decision to lower retail fuel prices has prompted its smaller rivals to consider following suit.

SK Innovation announced Sunday that it will reduce the prices of gasoline and diesel sold at its stations nationwide stations by 100 won ($0.09) per liter for three months starting Thursday.
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Free school meals to cost taxpayers W3 tril. in first 5 years
The Korea Times - February 22, 2011
Free lunch to all elementary school children would cost the nation about 3 trillion won ($2.68 billion) in the first five years, the parliamentary budget office said Tuesday amid heated political debate over the opposition's free school meal program.

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Blame games rising over oil price increases
The Korea Herald - January 30, 2011
The government and oil refiners are at loggerheads over how to stabilize fuel prices as the nation is fighting an uphill battle to curb inflation driven by international commodities prices.

Oil companies have been the key target of the government’s campaign against inflation since early January.

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