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Retirement Age for Men and Women in South Korea

Retirement Age in South Korea

Indicator Data Period
Retirement Age Men 62 2020
Retirement Age Women 62 2020


Latest data on Retirement Age Men ()

Retirement Age Men
                     South Korea - Historical Data ()

What is retirement age for men in South Korea?

  • Retirement age for men in South Korea is 62 in 2020. The maximum age was 62 and minimum was 55 .
  • Data published Yearly by Worker's Compensation & Welfare Service.

Historical Data () by years

Data
Period
Date
62 2020 28.02.2021
60 2019 22.04.2020
60 2018 08.03.2018
60 2017 11.08.2017
55 2016 31.12.2016
55 2015 31.12.2015
55 2014 31.12.2014
55 2013 31.12.2013


Historical Chart by presidents ()

Retirement Age Men in South Korea by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Mun Jaei-n 10.05.2017 - 60.0000 60.0000 60.0000 60.0000 0.00%
Park Geun-hye 25.02.2013 - 10.05.2017 55.0000 55.0000 55.0000 55.0000 0.00%
Lee Myung-bak 25.02.2008 - 25.02.2013 55.0000 55.0000 55.0000 55.0000 0.00%


Latest data on Retirement Age Women ()

Retirement Age Women
                     South Korea - Historical Data ()

What is retirement age for women in South Korea?

  • Retirement age for women in South Korea is 62 since in 2020. The maximum age was 62 and minimum was 55 .
  • Data published Yearly by Worker's Compensation & Welfare Service.

Historical Data () by years

Data
Period
Date
62 2020 28.02.2021
60 2019 22.04.2020
60 2018 08.03.2018
60 2017 11.08.2017
55 2016 31.12.2016
55 2015 31.12.2015
55 2014 31.12.2014
55 2013 31.12.2013


Historical Chart by presidents ()

Retirement Age Women in South Korea by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Mun Jaei-n 10.05.2017 - 60.0000 60.0000 60.0000 60.0000 0.00%
Park Geun-hye 25.02.2013 - 10.05.2017 55.0000 55.0000 55.0000 55.0000 0.00%
Lee Myung-bak 25.02.2008 - 25.02.2013 55.0000 55.0000 55.0000 55.0000 0.00%

Other labor indicators in South Korea

Index Updated Actual Previous
Retirement Age Men 2020 62 60
Unemployment Rate Jun/21 3.7 % 3.8
Labor Force Participation Rate Jun/21 63 % 63

Retirement Age Men in other countries

Country Updated Actual Previous
Bangladesh 2020 59 59
Mongolia 2020 60 60
Tajikistan 2021 63 63
China 2020 60 60
Georgia 2020 65 65
India 2020 60 60
Israel 2020 67 67
South Korea 2020 62 60
Vietnam 2020 60 60
Armenia 2020 63 63
Hong Kong 2020 65 65
Indonesia 2020 57 57
Japan 2020 65 63
Kazakhstan 2020 63 63
Malaysia 2020 60 60
Singapore 2021 62 62
Azerbaijan 2020 65 65
Saudi Arabia 2020 60 60
Turkmenistan 2021 62 62
Uzbekistan 2021 60 60