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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 ()

Retirement Age Men
                     South Korea - Historical Data ()

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 ()

Retirement Age Women
                     South Korea - Historical Data ()

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 Oct/22 2.8 % 2.8
Wages 2Q/22 2984.824 USD/Month 3422.736
Labor Force Participation Rate Oct/22 64.3 % 64.2

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 2022 64 63
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