The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
  • World Expo 2030
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
  • Hangzhou Asian Games
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_twitter_on_2022.svgbt_twitter_over_2022.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
  • World Expo 2030
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
  • Hangzhou Asian Games
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_twitter_on_2022.svgbt_twitter_over_2022.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
  • Login
  • Register
  • Login
  • Register
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
  • 1

    INTERVIEWYim Si-wan went extra mile to portray legendary athlete in 'Road to Boston'

  • 3

    S. Korea to stage massive military parade as tensions with North remain high

  • 5

    Seoul, Beijing try to mend fences as Russia and N. Korea grow closer

  • 7

    The ethical issues of AI: fighting the right battles

  • 9

    Mirae Asset Global Investments' AUM reaches $219 bil.

  • 11

    Low growth becomes new normal for Korean economy

  • 13

    LG Chem to build LFP cathode plant with Huayou in Morocco

  • 15

    4 in 10 Koreans experience overdue wages: survey

  • 17

    AI reliance could undermine financial market stability: report

  • 19

    FSS warns fisheries cooperatives over sloppy response to failed overseas investment

  • 2

    Samsung, SK relieved by revised chip restrictions on China

  • 4

    China's 'batwoman' scientist warns another coronavirus outbreak is 'highly likely'

  • 6

    Patients, doctors at loggerheads as operating room CCTV footage made mandatory

  • 8

    Korea, Saudi Arabia celebrate 93rd Saudi National Day, vow stronger cooperation

  • 10

    Lee Jae-myung's possible arrest looms over main opposition party

  • 12

    Bears of Joseon part 2: Behind bars

  • 14

    An American high school experience in Seoul

  • 16

    Russian FM to visit Pyongyang next month as follow-up to Kim-Putin summit

  • 18

    TEMPEST gears up to showcase fiery passion

  • 20

    Korea's Choi In-jeong wins gold in women's individual epee fencing

Close scrollclosebutton

Close for 24 hours

Open
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
Tue, September 26, 2023 | 01:05
Politics
Moon only living president to receive monthly pension of 14 million won after retirement
Posted : 2021-09-10 08:58
Updated : 2021-09-10 08:58
Yoon Ja-young
Print PreviewPrint Preview
Font Size UpFont Size Up
Font Size DownFont Size Down
  • facebook
  • twitter
  • kakaolink
  • whatsapp
  • reddit
  • mailto
  • link
President Moon Jae-in speaks at luncheon with National Assembly members held in Cheong Wa Dae, Sept. 3. Yonhap
President Moon Jae-in speaks at luncheon with National Assembly members held in Cheong Wa Dae, Sept. 3. Yonhap

By Yoon Ja-young

After retirement, President Moon Jae-in will get 13.9 million won ($11,875) a month as a pension. He will be the only living former president of Korea who is allowed to receive the presidential pension, as the other four former presidents who are still alive were deprived of this right after being impeached and removed from office, or jailed.

According to Ministry of Interior and Safety data submitted to Rep. Lee Young of the main opposition People Power Party, Moon will be paid around 166.9 million won annually following retirement, or 13.9 million won a month. His term ends in May of next year.

Moon's annual salary, meanwhile, is expected to be 250.1 million won next year, which is a 5 percent increase from this year. However, he has been freezing his own salary since 2019 by voluntarily returning any pay raises.

Currently, none of Moon's living predecessors are receiving a presidential pension. However, former first lady Son Myung-soon, wife of the late former President Kim Young-sam, and former first lady Kwon Yang-sook, wife of the late former President Roh Moo-hyun, are receiving pensions as surviving spouses.

The four former presidents who are still living ― Park Geun-hye, Lee Myung-bak, Roh Tae-woo and Chun Doo-hwan ― have been deprived of the right to receive the presidential pension, as they were put behind bars. The law states that pensions are not offered to former presidents who were removed or resigned from office after being impeached or jailed.

The amount Moon receives from the government will be larger than 13.9 million won per month, as, on top of this, former presidents are provided other benefits, such as car and travel, and medical expenses and subsidies to pay domestic staff.

After retirement, President Moon and first lady Kim Jung-sook plan to move to Yangsan, South Gyeongsang Province, where they currently have a private residence. They bought a two-story house nearby and land around it to build a new private residence where they will live. As they have to be protected, the government has also allocated funds to build a facility for bodyguards there.


Emailyjy@koreatimes.co.kr Article ListMore articles by this reporter
 
miguel
wooribank
Top 10 Stories
14 in 10 Koreans experience overdue wages: survey 4 in 10 Koreans experience overdue wages: survey
2[PHOTOS] Harvest season arrives PHOTOSHarvest season arrives
3Tanghulu captures hearts of Korean millennials and Gen Z Tanghulu captures hearts of Korean millennials and Gen Z
4Homeplus' private brand products hit store shelves in Mongolia Homeplus' private brand products hit store shelves in Mongolia
5SK earthon begins crude oil production in South China Sea SK earthon begins crude oil production in South China Sea
6[EXCLUSIVE] Lawmakers to submit resolution urging China to free N. Korean escapeesEXCLUSIVELawmakers to submit resolution urging China to free N. Korean escapees
7LG Uplus, Hanwha develop ceiling-mounted EV charging system LG Uplus, Hanwha develop ceiling-mounted EV charging system
8Korean gov't faces international criticism for R&D budget cuts Korean gov't faces international criticism for R&D budget cuts
9Main opposition chief in showdown with prosecutors over arrestMain opposition chief in showdown with prosecutors over arrest
10K-pop fans rally in Seoul against luxury brands' failure on climate action K-pop fans rally in Seoul against luxury brands' failure on climate action
Top 5 Entertainment News
1BTS' Jungkook to drop 2nd solo single '3D' BTS' Jungkook to drop 2nd solo single '3D'
2K-pop group Kingdom recalls album cover resembling QuranK-pop group Kingdom recalls album cover resembling Quran
3Cho Seong-jin celebrates 140-year ties between Korea, UK Cho Seong-jin celebrates 140-year ties between Korea, UK
4[INTERVIEW] Yim Si-wan went extra mile to portray legendary athlete in 'Road to Boston' INTERVIEWYim Si-wan went extra mile to portray legendary athlete in 'Road to Boston'
5TEMPEST gears up to showcase fiery passion TEMPEST gears up to showcase fiery passion
DARKROOM
  • Turkey-Syria earthquake

    Turkey-Syria earthquake

  • Nepal plane crash

    Nepal plane crash

  • Brazil capital uprising

    Brazil capital uprising

  • Happy New Year 2023

    Happy New Year 2023

  • World Cup 2022 Final - Argentina vs France

    World Cup 2022 Final - Argentina vs France

CEO & Publisher : Oh Young-jin
Digital News Email : webmaster@koreatimes.co.kr
Tel : 02-724-2114
Online newspaper registration No : 서울,아52844
Date of registration : 2020.02.05
Masthead : The Korea Times
Copyright © koreatimes.co.kr. All rights reserved.
  • About Us
  • Introduction
  • History
  • Contact Us
  • Products & Services
  • Subscribe
  • E-paper
  • RSS Service
  • Content Sales
  • Site Map
  • Policy
  • Code of Ethics
  • Ombudsman
  • Privacy Statement
  • Terms of Service
  • Copyright Policy
  • Family Site
  • Hankook Ilbo
  • Dongwha Group