This report presents the demographic changes that Korean society has experienced in recent years and the resulting phenomena of population aging and changes in population structure. It also examines how the old-age income security system has emerged and expanded during the process of modernization and the potential impact of future demographic changes on the system.
The researchers identified three policy tasks for the future operation of the old-age income security system: (1) Establishing an adequate level of old-age income security to ensure long-term financial stability while effectively alleviating poverty in later life, (2) Considering the introduction of automatic adjustment mechanisms to cope more flexibly with future demographic changes, and (3) the need for additional measures such as extending the working life and investing in human resources for women and older workers.
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