Retirement Age Men in South Korea increased to 62 in 2020 from 60 in 2019. source: Korean Worker's Compensation & Welfare Service

Retirement Age Men in South Korea averaged 56.83 from 2009 until 2020, reaching an all time high of 62 in 2020 and a record low of 55 in 2010. This page provides - South Korea Retirement Age Men - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Retirement Age - Men - values, historical data and charts - was last updated on May of 2021.

Retirement Age Men in South Korea is expected to reach 62.00 by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Retirement Age - Men is projected to trend around 62.00 in 2022, according to our econometric models.

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South Korea Retirement Age - Men

Actual Previous Highest Lowest Dates Unit Frequency
62.00 60.00 62.00 55.00 2009 - 2020 Yearly

South Korea Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.90 4.00 7.10 3.00 percent [+]
Employed Persons 27145.00 27017.00 27508.00 20268.00 Thousand [+]
Unemployed Persons 1095.00 1127.00 1546.00 695.00 Thousand [+]
Labor Force Participation Rate 62.50 61.60 64.20 48.50 percent [+]
Labour Costs 103.80 109.30 129.90 69.00 points [+]
Productivity 119.40 113.50 119.40 53.50 points [+]
Wages 3868678.00 3895894.00 4021244.00 2460239.00 KRW/Month [+]
Wages in Manufacturing 4248573.00 4232213.00 4654149.00 2520139.00 KRW/Month [+]
Minimum Wages 8720.00 8590.00 8720.00 600.00 KRW/Hour [+]
Population 51.78 51.71 51.78 25.01 Million [+]
Retirement Age Women 62.00 60.00 62.00 55.00 [+]
Retirement Age Men 62.00 60.00 62.00 55.00 [+]
Employment Rate 59.80 58.60 61.70 56.10 percent [+]
Youth Unemployment Rate 10.00 10.00 13.40 3.80 percent [+]