Hyun Tak Kim
Department of physics, College of William & Mary, Williamsburg, USA
Publications
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Research Article
Snowball Effect Strategy for the Innovation of the Korean National Pension System and High Return HyTak ETF
Author(s): Hyun Tak Kim*
Debates in the Korean National Assembly focus on reforming the defined-benefit pension system as the national pension fund is projected to deplete by 2055 due to a failure to maximize returns, as mandated by Paragraph 2, Article 102 of the Korean National Pension Law. Proposals like raising contribution and replacement rates seem insufficient. We advocate maximizing the fund through the snowball effect by investing in exchange-traded funds with high-return, long-term, steadily growing stocks, despite their volatilit. The fund maximum promotes a more humane quality of life by introducing an automatically and steadily increasing system for pension benefits into the government bill aimed at reforming the national pension system, announced on September 4, 2024. Transitioning to a defined-contribution system, similar to the USA’s 401(k), is crucial for sustainability. Additionally, H.. Read More»