Lee floats basic pension overhaul to address elderly poverty

President Lee Jae Myung on Monday floated the idea of restructuring South Korea’s basic pension system to provide greater support to low-income seniors and address poverty among the aging. "The biggest cause of elderly suicide is poverty in our country, where both the overall suicide rate and the elderly suicide rate are among the highest in the world," Lee wrote on his official X account. "If we want to reduce elderly poverty that even drives people to suicide, we need to revise the basic pensi

By The Korea Herald