No. of foreign nationals on old-age pension crosses 10,000
Social affairsOct 22, 2024
Over 10,000 foreign nationals are receiving South Korea's Old-age Pension, the main benefit provision of the country's national pension system, a figure that has continuously increased since 2019, data showed Monday. Subscribers to the mandatory pension become eligible for benefits when they fulfill two conditions: They must have paid premiums for at least 10 years and reached the pension age, which is currently 63 for the Old-age Pension, and 58 for a reduced Early Old-age Pension. Ac