Ⅲ. Characteristics of New Pension System in Chile
1. Individual Capitalization Accounts (ICA)
In Chile, they have pension system that subscribers pay back from their individual accounts after retirement. Therefore this account have no income redistribution among inter-layers and no income transfer between generations that exist in korean pension system. ICA's contributions are not inc
account deficits are being financed. If borrowed resources are not used productively, external borrowing can result in severe debt servicing difficulties. Debt management authorities therefore need to focus on efficient allocations of capital in sectors generating proper returns, and should effect monitoring to determine whether the borrowed resources are being used to improve the country’s pro
account receivable is lager, then cash ratio is volatile. So it often cannot show anything.
1.2. Current Ratio
The current ratio measures the cushion of working capital that companies manintain to allow for the inevitalble unevenness in the flow of funds through the working capital accounts. It measures the relationship between total current assets and total current liabilities.
It
☺ The most critical financial component of working capital
☺ The franchisee should seek to minimize the risk of running out of cash
☺ The franchised business must ensure that bills due (accounts receivable) are collected in a timely manner
☺ The franchise owner may develop policies and practices
☺ Another way to significantly reduce working capital requ
- GDP per capital : Korea
In 1981, Korea's GDP per capital was about $ 10,000 but it increased continuously. It's already over the $ 20.000 and it is predicted that Korea would keep grow in the future.
- Major industry : Korea
The value of the Agriculture sector accounted for 3% of GDP. The agriculture sector of Korea was mainly based on crop production, animal husbandry,