Korea's Retirement Predicament
The distinguishing feature for many workers in South Korea is contractual – and often involuntary – retirement at a young age (mid-50s for most workers) followed by precarious and low-paying self-employment or contract work. In the past this practice, which is also found in other East Asian nations, provided firms with a youthful and highly productive workforce. However, with a rapidly aging p...
The distinguishing feature for many workers in South Korea is contractual – and often involuntary – retirement at a young age (mid-50s for most workers) followed by precarious and low-paying self-employment or contract work. In the past this practice, which is also found in other East Asian nations, provided firms with a youthful and highly productive workforce. However, with a rapidly aging p...