The current legal retirement age in South Korea is 60 years. This age typically signifies the point at which individuals are eligible to retire from their employment and often begin receiving national pension benefits.
Understanding Retirement in South Korea
While 60 is the designated legal retirement age, factors such as pension eligibility ages and specific company policies can influence when individuals actually stop working. It's important to differentiate between the legal retirement age set by the government and the age at which one can start drawing a full national pension, which might differ based on birth year and gradual increases.
Comparative Retirement Ages in Asia
Understanding South Korea's retirement age can be put into context by looking at neighboring countries, as detailed below:
| Country | Legal Retirement Age |
|---|---|
| South Korea | 60 years |
| North Korea | Men: 60 years, Women: 55 years |
| China | Men: 60 years, Women: 50-55 years |
| Vietnam | Men: 60 years, Women: 55 years |
For more details on retirement ages, you can refer to insights provided by Links International.
