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Foreign Nationals Exploit Pension Payment Loophole

There is a growing number of cases where foreign nationals receive an old-age pension after subscribing to the National Pension for just one month in Korea and paying 119 months of past contributions…

  • Foreign nationals exploit pension loophole, boosting applications 20-fold
  • Lump sum payments surge 26.9-fold, totaling 5.46 billion won
  • Concerns raised over undermining postponed payment system's purpose

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