Monthly pension for elderly S. Koreans far below minimum living cost

SEOUL, Aug. 22 (Xinhua) -- The monthly pension for elderly South Koreans stayed far below the minimum cost of living in 2022, statistical office data showed Thursday.

The elderly aged 65 and above received a combined pension of 650,000 won (486 U.S. dollars) per month on average in 2022, up 8.3 percent compared to the previous year, according to Statistics Korea.

According to the National Pension Research