Two-thirds of older Koreans back raising retirement age: study
Two out of three Koreans aged 50 and older support extending the mandatory retirement age, a recent survey found, with respondents favoring an average retirement age of 66.3 — higher than the current eligibility age of 65 for the national and basic pension programs. The National Pension Research Institute said Sunday that 66 percent of respondents supported extending the retirement age, while 34 percent opposed the idea, according to the 2024 Korean Retirement and Income Study. By gender, 66.2 percent of men and 65.9 percent of women favored the extension. Launched in 2005, the study tracks households with members aged 50 and older, examining incomes, consumption patterns, assets, retirement preparedness, retirement planning, labor market participation and receipt of public pension benefits. The survey conducts its main study every two years, with supplementary surveys carried out in between. The most recent supplementary survey covered 8,394 individuals nationwide, including household members aged 50 and older and their spouses. Support for extending the retirement age varied by age.
Feb 1, 2026By Jung Da-hyun