Republic of Korea : Selected Issues

This Selected Issues paper highlights that the authorities in the Republic of Korea recognize the pension policy challenges ahead, and a first wave of reforms has already been launched. Despite the reforms to date, much remains to be done. Without further reforms, the public pension systems in Korea are not financially sustainable. This paper considers options for moving to a funded first-pillar pension system. The main results show that a sustainable, funded pension system can be achieved in Korea with reasonably modest changes to key parameters and extra financing.
Publication date: March 2003
ISBN: 9781451822137
$15.00
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Topics covered in this book

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Public Policy- Social Security , Public Policy- Social Security , Developing and Emerging Countries , Developing and Emerging Countries , pension system , contribution rate , public pension , pension systems , pillar system

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