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World’s Oldest Population Forecast Spurs Long-Bond Buying

Bae Woo Kyu, a 59-year-old former bank clerk in South Korea, is stocking up on long-dated bonds to prepare for retirement in a nation in the running to have the world’s oldest population.

“I’m trying not to become a burden on my children,” Bae says. “My main focus is ensuring I’ve got a sufficient nest egg. I have the national pension plan but that’s not enough.”