Retirement Age Men in South Korea is expected to be 60.00 by the end of this quarter, 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 60.00 in 2020, according to our econometric models.


Forecast Data Chart
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South Korea Labour Last Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 3.9 3.8 3.9 3.8 3.9 3.7
Employed Persons 26837 26810 26830 26850 26880 27500
Unemployed Persons 1100 1030 1060 1040 1020 1110
Labor Force Participation Rate 63.4 63.1 62.9 62.7 62.5 63
Labour Costs 96.5 137 142 138 119 142
Productivity 109 108 109 110 109 19.6
Wages 3457189 3791000 4167000 3832000 4075000 4236000
Wages in Manufacturing 3692181 4152000 4837000 4059000 4349000 4542000
Minimum Wages 7530 7530 8200 8200 8200 8800
Population 51.45 51.6 51.8 51.8 51.8 52.1
Retirement Age Women 60 60 60 60 60 60
Retirement Age Men 60 60 60 60 60 60
Youth Unemployment Rate 8.5 8.7 9.1 8.8 8.7 8.4
Employment Rate 61.2 61.3 58.9 60.2 61.1 61.5