Complete Guide to Pension Insurance

1. In a column, Yi Yujeong, an MBA, argues that the National Pension alone is insufficient for retirement preparation and explains the differences between pension insurance and pension savings insurance along with selection strategies.
2. The column puts the average National Pension payout in 2025 at 670,000 won per month and, assuming monthly retirement living costs of 2,300,000 won, argues there is a shortfall of 1,630,000 won.
3. The column introduced that, from September 2025, fixed-rate whole life insurance can be converted into a pension under conditions such as being 65 years old or older.

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