Korea Capital Market Institute

Key Considerations in Designing a Fund-Based Retirement Pension System [Senior Research Fellow] Nam, Chaewoo The debate over introducing a fund-based retirement pension system is closely tied to calls for a qualitative transformation following the rapid expansion of retirement pension assets. Although retirement pension reserves have grown quickly, the current contract-based governance structure and the individual-choice-centered operation of defined contribution (DC) plans have not b... The Rise of Intangibles and Changes in Corporate Financial Behavior [Research Fellow] Jung, Heechul Technological progress and the advancement of the knowledge-based economy have increased the economic importance of intangible assets, thereby altering the nature of corporate financing needs. Relative to tangible assets, intangible assets have lower collateral and recovery values, involve greater uncertainty over investment outcomes, and are subject to more severe information ...