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Election 2025

Policy Watch: Lee Jae-myung vows to raise retirement age

Published : May 1, 2025 - 14:21:12

Hwang Joo-young

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Rep. Lee Jae-myung, the presidential front-runner for the liberal Democratic Party of Korea, speaks during a meeting with the Federation of Korean Trade Unions in central Seoul, Thursday. (Yonhap)

Rep. Lee Jae-myung, the presidential front-runner of the liberal Democratic Party of Korea, pledged Thursday to raise the retirement age beyond the current limit of 60, aligning the announcement with South Korea's May 1 Labor Day

Lee emphasized the need to close the gap between the retirement age and the pension age. Under current rules, Koreans born between 1957 and 1960 can start receiving the national pension from the age of 62, with the threshold gradually increasing to 65 for those born in 1961 or later.

Lee has also laid out labor-friendly policies such as encouraging cross-company union meetings, offering support to young people seeking career changes and strengthening protections for irregular workers.

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