Story perspectives

South Korea Tops OECD in Elderly Employment, Faces Job Quality Crisis

5/27/2025

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Summary

Story summary

South Korea leads the OECD with a 37.3% employment rate for individuals aged 65 and older, far exceeding the 13.6% average.
Many elderly workers struggle with low-quality jobs due to an average pension income of 800,000 won ($600).
Over 61% of elderly wage earners occupy non-regular, low-skill positions, often unrelated to their prior careers.
The report emphasizes the need for systemic solutions to enhance job matching and reemployment support for older adults.

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Story summary

South Korea leads the OECD with a 37.3% employment rate for individuals aged 65 and older, far exceeding the 13.6% average.
Many elderly workers struggle with low-quality jobs due to an average pension income of 800,000 won ($600).
Over 61% of elderly wage earners occupy non-regular, low-skill positions, often unrelated to their prior careers.
The report emphasizes the need for systemic solutions to enhance job matching and reemployment support for older adults.