Tag: Retirement

Retirement

Latest News

More than 1 in 3 Korean workers now 55 or older

The number of employed older adults surpassed 10 million, government data showed, underscoring the country's rapidly aging workforce as more seek to continue working.

2026.8.5

Hyundai Motor, HD Hyundai Heavy unions set to strike over bonuses, retirement age

Negotiations at both Ulsan heavyweights have stalled, with a range of demands from labor rebuffed by management as the auto and shipbuilding sectors brace for downstream effects.

2026.7.20

Most popular

Two adults walking on a curving path in a green park with trees and plants.

Getting their groove back: Middle-aged singles in Korea navigate dating with caution and independence

As late-life divorce rises, singles over 40 are reentering the dating world, with many seeking companionship rather than a second marriage.

2026.7.11

Hana Financial Group CEO Ham Young-joo, second from left, poses with corporate officials and customers during an event to deliver gratitude to subscribers of “Hana The Next Home Pension” program in central Seoul on July 8.

Hana Bank celebrates successful rollout of reverse mortgage program for older adults

Hana Financial Group CEO Ham Young-joo, corporate representatives and around 50 customers enrolled in the program attended the event.

2026.7.9

Finding a retiree's true value (KOR)

An accounting view honors a lifetime of accumulated expertise, while a financial view measures retirees by the income they can still generate.

2026.6.18

Finding a retiree's true value

An accounting view honors a lifetime of accumulated expertise, while a financial view measures retirees by the income they can still generate.

2026.6.17

A graphic depicting a retirement pension [JOONGANG ILBO]

Corporate pension funds top 500 trillion won in 2025 for first time

Corporate retirement pension schemes soared 16 percent last year from a year earlier, breaching the 500 trillion won ($331 billion) mark for the first time since their introduction in 2005, while their return on investment also rose.

2026.5.20

This file image, captured from the pro-North Korean Choson Sinbo on Oct. 15, 2024, shows North Korean older adults enjoying time at a health center. [YONHAP]

North increases office worker retirement age by 3 years amid aging population

North Korea has raised the mandatory retirement age for office workers by three years to reflect the country's population aging and demographic changes, according to a North Korean academic paper Wednesday.

2026.5.13

A person enters the National Pension Service's headquarters in Seodaemun District, western Seoul, on April 8. [NEWS1]

Korea's state pension fund surpasses 1.5 quadrillion won, buoyed by strong investment returns

The state pension fund, which supports the public’s retirement security, surpassed 1.5 quadrillion won ($1.01 trillion) in reserves for the first time, mostly through investment returns.

2026.4.9

Office workers walk across Gwanghwamun Square in Jongno District, central Seoul, on May 20, 2025. [YONHAP]

More companies rehire retired employees as contractors as AI changes the workplace

An increasing number of companies are rehiring retired employees as skilled contract workers, reflecting aligned interests between firms seeking immediately deployable talent and workers hoping to maintain their income while easing their workload.

2026.4.8