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The Norths Military Foundation Day falls on Wednesday and the North is anticipated to hold a large-scale parade of its armed forcesSupporters of this plan claim that it will keep the state pension program afloat for a longer period of time.

The NPS will then raise the payout.It asks citizens who are born today to pay 43 percent of their income (to the NPS) when they reach 40 years old.which observers see as a more sustainable solution for the public pension fund in an aging society.

Countering the ruling party lawmakers remarks.a public consultation body under the parliamentary pension reform committee conducted a survey asking the survey respondents which of the two plans they favored after holding a total of four rounds of debates in the same month.

showed that 56 percent preferred to pay significantly larger contributions to the National Pension Service for bigger benefits.

The scenario currently preferred by the majority of respondents involves increasing the contribution rate by 4 percentage points to 13 percent from the current 9 percent of a subscribers monthly income.North Korea also wants to try to raise doubt in the minds of Japanese and South Koreans about the credibility of U.

they constantly fear abandonment.which is in violation of United Nations Security Council resolutions banning the country from testing ballistic missile technologies.

Victor Cha / Korea Times fileThe Kim Jong-un regime has ratcheted up tensions on the Korean Peninsula by launching ballistic missiles on 31 occasions this year.despite the deployment of more powerful U.