[Silver Bridge] Volume 1 · Chapter 9 · Changes in retirement age in Korea and China: What do they mean?

1. China began raising its statutory retirement age on January 1, 2025, for the first time since 1951, while discussions in Korea over extending the mandatory retirement age to 65 continue.
2. China is raising the age for men from 60 to 63 and for women from 50–55 to 55–58, and Statistics Korea says the average age of leaving main employment in Korea is 49.3.
3. The author argues that if the national pension start age in Korea rises to 65 by 2033, a 'income cliff' of at least five years will arise between the mandatory retirement age of 60 and the pension.

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