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Byung-Duck Kim Senior Research Fellow, Korea Institute of Finance
His research areas are financial economics (financial policy), regulations, markets and institutions, macro-monetary economics, and pensions and public funds. He obtained his bachelor’s degree in Economics from the University of Texas at Austin, and his M.A. and Ph. D. in Economics from the University of Minnesota. He has held top positions in the public and private sectors in the Republic of Korea, including Director General for Public Funds System of the Ministry of Planning and Budget.
It is necessary to redesign private pension management fee schemes so companies have incentives to compete and develop better products.
In the Republic of Korea, efforts are underway to adopt one of the most broadly used pension default options.