Retirement Age for Men and Women in South Korea
Retirement Age in South Korea
| Indicator | Data | Period |
|---|---|---|
| Retirement Age Men | 60 | 2022 |
| Retirement Age Women | 60 | 2022 |
Latest data on Retirement Age Men ()
What is retirement age for men in South Korea?
- Retirement age for men in South Korea is 60 in 2022. 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
| 60 | 2022 | 30.09.2022 |
| 60 | 2021 | 26.09.2022 |
| 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 |
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 ()
What is retirement age for women in South Korea?
- Retirement age for women in South Korea is 60 since in 2022. 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
| 60 | 2022 | 30.09.2022 |
| 60 | 2021 | 26.09.2022 |
| 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 |
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 |
| Unemployment Rate | Aug/23 | 2.4 % | 2.8 |
| Wages | 2Q/23 | 3015.471 USD/Month | 3419.512 |
| Labor Force Participation Rate | Aug/23 | 64.4 % | 65 |
Retirement Age Men in other countries
| Country | Updated | Actual | Previous |
| Bangladesh | 2022 | 59 | 59 |
| Mongolia | 2022 | 60 | 60 |
| Tajikistan | 2022 | 63 | 63 |
| China | 2022 | 60 | 60 |
| Georgia | 2022 | 65 | 65 |
| India | 2022 | 60 | 60 |
| Israel | 2022 | 67 | 67 |
| South Korea | 2022 | 60 | 60 |
| Vietnam | 2022 | 60.5 | 60.25 |
| Armenia | 2022 | 63 | 63 |
| Hong Kong | 2022 | 65 | 65 |
| Indonesia | 2022 | 58 | 57 |
| Japan | 2023 | 64 | 64 |
| Kazakhstan | 2022 | 63 | 63 |
| Malaysia | 2022 | 60 | 60 |
| Singapore | 2022 | 63 | 62 |
| Azerbaijan | 2022 | 65 | 65 |
| Saudi Arabia | 2022 | 60 | 60 |
| Turkmenistan | 2022 | 62 | 62 |
| Uzbekistan | 2022 | 60 | 60 |
