Retirement Age Men in South Korea remained unchanged at 60 in 2019 from 60 in 2018. source: Korean Worker's Compensation & Welfare Service

Retirement Age Men in South Korea averaged 56.36 from 2009 until 2019, reaching an all time high of 60 in 2017 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 November of 2020.

Retirement Age Men in South Korea is expected to reach 60.00 by the end of 2020, 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 2021, according to our econometric models.

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South Korea Retirement Age - Men

Actual Previous Highest Lowest Dates Unit Frequency
60.00 60.00 60.00 55.00 2009 - 2019 Yearly

South Korea Labour Last Previous Highest Lowest Unit
Unemployment Rate 4.20 3.90 7.10 3.00 percent [+]
Employed Persons 26841.00 26787.00 27522.00 20268.00 Thousand [+]
Unemployed Persons 1170.00 1088.00 1546.00 690.00 Thousand [+]
Labor Force Participation Rate 62.70 62.50 64.20 48.50 percent [+]
Labour Costs 104.00 119.30 129.90 69.00 points [+]
Productivity 111.00 109.10 115.80 53.50 points [+]
Wages 3615931.00 4003335.00 4021244.00 2460239.00 KRW/Month [+]
Wages in Manufacturing 3803701.00 4432727.00 4654149.00 2520139.00 KRW/Month [+]
Minimum Wages 8590.00 8350.00 8590.00 600.00 KRW/Hour [+]
Population 51.71 51.61 51.71 25.01 Million [+]
Retirement Age Women 60.00 60.00 60.00 55.00 [+]
Retirement Age Men 60.00 60.00 60.00 55.00 [+]
Youth Unemployment Rate 8.40 8.90 13.40 3.80 percent [+]
Employment Rate 60.40 60.50 61.70 56.10 percent [+]