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Regarding Legislation to Extend the Mandatory Retirement Age: A Conversation between Dr. Jun-Ki Han and Labor Attorney Bongsoo Jung

2026-09-03 오전 11:33:56 Views 16

 

Regarding Legislation to Extend the Mandatory Retirement Age: A Conversation between Dr. Jun-Ki Han and Labor Attorney Bongsoo Jung

 

In 2013, the mandatory retirement age system was introduced in Korea, requiring employers that establish a mandatory retirement age to set it at 60 or older. Average life expectancy has increased by approximately 20 years, and many workers now remain healthy enough to continue working in the workplace until the age of 70. In particular, as the eligibility age for receiving the National Pension has been extended to 65, both management and labor agree on the need to extend the mandatory retirement age. However, while management seeks to extend the retirement age in a way that minimizes additional labor costs, labor unions are calling for an extension of the retirement age without any reduction in wages.

Against this background, Dr. Jun-Ki Han, an HR expert, and Bongsoo Jung, a Korean labor attorney specializing in labor law, held a discussion in which they shared their respective views on extending the mandatory retirement age.

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