South Korea Archives - Page 2 of 13 - Pension Policy International

09FebFebruary 9, 2026

South Korea. Seniors Drive 80% of Employment Insurance Growth as Youth Subscribers Decline

Last month, the majority of new subscribers to employment insurance were seniors aged 60 and older, according to statistics. While the rapid increase in working seniors drove the growth in new subscribers, the number of young people aged 29 and younger enrolled in employment insurance actually decreased. According to the Ministry of Employment and Labor’s report, “Labor Market Trends Based on Employment Administration Statistics,” released on the 9th, the number of regular employment insurance subscribers as of the end of...

February 9, 2026

NewsAging, Labor Market, South Korea

05FebFebruary 5, 2026

UK. Industry warns against ‘giving up’ on saver engagement at retirement

The pensions industry should maintain engagement and not rely too heavily on default solutions at retirement, industry experts have stated. Speaking during an ABI Annual Conference session on personal pensions, Fidelity International head of platform policy and oversight, James Carter, emphasised a “fundamental difference” between individuals who actively opened a personal pension and those who were automatically enrolled into a workplace scheme. He cautioned against assuming that all savers were inherently passive and warned that the industry had increasingly accepted disengagement...

February 5, 2026

NewsAging, South Korea

04FebFebruary 4, 2026

South Korea’s Older Adults Employment Rate Reaches 70% Milestone

As South Korea's society rapidly ages, the employment rate of older adults, aged 55–64, last year surpassed 70% for the first time since statistical records began. According to the Ministry of Employment and Labor’s "Trends in Older Adult Employment" data released on the 4th, the employment rate for older adults last year was 70.5%, exceeding 70% for the first time since related statistics began in 1983. This marks a slight increase from the previous year’s 69.9%. The statistic defines those...

February 4, 2026

NewsAging, South Korea

16JanJanuary 16, 2026

South Korea. National Pension Fund Surpasses 1,500 Trillion Won Mark

The National Pension Fund, which surpassed 1,400 trillion won at the end of last year, is understood to have broken through 1,500 trillion won in just two weeks, riding on KOSPI’s rally, which broke all-time highs for 10 consecutive trading days. According to investment banking (IB) industry sources on Jan. 15, the National Pension Fund’s asset management scale recently exceeded 1,500 trillion won. This represents an increase of nearly 30 trillion won this year from the provisional figure of approximately...

January 16, 2026

NewsPension Management, South Korea

09JanJanuary 9, 2026

National pension and basic pension rise 2.1% in South Korea

Starting in January this year, National Pension and basic pension recipients will receive benefits raised by 2.1% from the previous level. The Ministry of Health and Welfare said on the 9th that it convened the National Pension Review Committee at the National Pension Service Gangnam office and approved the change. First, it decided to raise the National Pension basic pension amount and the dependent family pension amount by 2.1%, reflecting last year's consumer price inflation. With this increase, an old...

January 9, 2026

NewsRulation, South Korea

19DecDecember 19, 2025

Labor Supply and Savings Responses to Increasing the Pension Eligibility Age in South Korea

By Janghyeok An, Devon Gorry & Jonathan M. Leganza We study how South Koreans responded to an increase in the full pension eligibility age. Using a regression discontinuity design, we document the causal effects of the change on several potential margins of adjustment. We find clear evidence of delayed benefit claiming, consistent with studies in other settings. However, we find little to no statistical evidence of changes in labor supply, in contrast with previous literature. We also find no changes...

December 19, 2025

Articles, Labor Market2025, Labor Market, Public Pensions, Retirement Age, Social Security, South Korea

01DecDecember 1, 2025

Korea Strengthens Financial-Regulatory Alliance to Channel Pension Capital into Venture Growth

Korea is taking another decisive step toward deepening the link between finance and innovation. The Ministry of SMEs and Startups (MSS) and the Financial Supervisory Service (FSS) have signed a new agreement that could reshape how institutional funds, including pensions and retirement capital, flow into venture investment. This move has shown Korea’s determination to strengthen the foundations of its venture ecosystem and support its global startup ambitions. MSS and FSS Forge Alliance to Expand Venture Investment Channels The MSS and FSS signed a memorandum of understanding on...

December 1, 2025

NewsInvestment, Regulation, South Korea

06NovNovember 6, 2025

More than half of Koreans distrust national pension amid backlash over premium hike plan

More than half of Koreans distrust the national pension system, with most respondents viewing current contribution levels as burdensome and opposing planned premium increases, according to a survey released Wednesday by the Korea Employers Federation (KEF). In the survey, 55.7 percent of respondents said they do not trust the National Pension Service, exceeding the 44.3 percent who said they do by 11.4 percentage points. Distrust was particularly pronounced among younger generations, with 69.2 percent of respondents in their 20s and 74.7...

November 6, 2025

NewsPension design, South Korea

22SepSeptember 22, 2025

Aging in the U.S. and Korea: Same Sphere, Different Realities

Both the United States and South Korea are experiencing rapid population aging, but the patterns and social responses differ greatly. The U.S., already moving beyond an “aged society” into a “super-aged society,” is turning this change into a field of opportunity. Korea, meanwhile, is aging at the fastest pace in the world, but its institutions and perceptions still lag behind. In particular, when we look at five areas where the U.S. has shown distinctive developments—△labor market △long-term care & healthcare...

September 22, 2025

NewsAging, South Korea, US

19SepSeptember 19, 2025

The Impact of Job Exposure to Artificial Intelligence on the Korean Labor Market in 2020

By Yeseul Lee & Hyeonjun Hwang This study examines the impact of artificial intelligence exposure on wage and employment outcomes in the Korean labor market in 2020. We propose the Artificial Intelligence Exposure Score (AIES) by integrating 27,921 Korean AI patents from 2011 and 2020 with O*NET task descriptions through Sentence-BERT natural language processing techniques. This approach creates occupation-level exposure measures that reflect Korea-specific innovation patterns. Using data from the Korean Labor and Income Panel Study (KLIPS), we estimate log-linear...

September 19, 2025

Articles, Labor Market2025, AI, Labor Market, South Korea

February 2026

South Korea. Seniors Drive 80% of Employment Insurance Growth as Youth Subscribers Decline

UK. Industry warns against ‘giving up’ on saver engagement at retirement

South Korea’s Older Adults Employment Rate Reaches 70% Milestone

January 2026

South Korea. National Pension Fund Surpasses 1,500 Trillion Won Mark

National pension and basic pension rise 2.1% in South Korea

December 2025

Korea Strengthens Financial-Regulatory Alliance to Channel Pension Capital into Venture Growth

November 2025

More than half of Koreans distrust national pension amid backlash over premium hike plan

September 2025

Aging in the U.S. and Korea: Same Sphere, Different Realities

The Impact of Job Exposure to Artificial Intelligence on the Korean Labor Market in 2020