Directorate for Employment, Labour and Social Affairs


OECD Reviews of Pension Systems: Korea

This review provides policy recommendations on how to improve the Korean pension system, building on the OECD’s best practices in pension design. It details the key features of the Korean pension system and identifies its strengths and weaknesses based on cross-country comparisons. The Korean pension system consists of a mandatory pay-as-you-go public scheme, occupational schemes and voluntary individual schemes. The review also covers the first layer of old-age social protection in Korea. This review is the eighth in the series of OECD Reviews of Pension Systems.

Published on September 20, 2022

In series:OECD Reviews of Pension Systemsview more titles


Executive summary
Introduction to the Review of the Korean pension system
Description of the Korean public pension system
How to improve the public pension system in Korea
Governance, investment policy and risk management of the National Pension Fund
Funded private pension arrangements in Korea
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