specify the policy actions that the Government has taken to address the gender-based discrimination in
employment.
29.
It appears that some particular groups, notably including women, persons with disabilities, sexual
minorities and migrants, are exposed to a serious hate problem. Please specify the current status of hate
problems, as identified by the Government, and the Government’s planned actions to address this issue.
Issue 6: Poverty of Older Persons and Pension Schemes
Current status
30.
The average effective age of labour market exit in Korea was 72.9 years in 2014, which is the
highest among the OECD nations and 7~8 years older than the OECD average (OECD, Pension at a Glance
2015, pp.161-162). According to the ‘2016 Statistics on the Older Persons’ by the Statistics Korea, an
average person aged 65 or over will remain healthy for 9.1 years out of 20.9 years which is his or her
residual life expectancy, which points to poor healthy conditions among the aged people who are expected to
suffer illnesses for almost half of their residual life expectancy.
31.
The relative poverty rate of people aged 66 or over in Korea recorded 49.6% as in 20133, which was
the highest among the OECD member states (4.4 times of the OECD average of 10.6% and more than double
of the rate of 24.1% in Israel which ranked the 2nd), while the relative poverty rate of the entire population
in Korea was 14.6%, which was not much different from the OECD average of the same year (11.9%). This
indicates that the pace of povertization grows much faster with age in Korea.4
32.
According to the Global AgeWatch Index 2015 by the Help Age International, the ROK ranked the
67th among the 96 observed countries in 2013, the 50th in 2014 and the 60th in 2015. As in 2015, Korea had
poorer conditions than other Asian countries, including Japan (the 8th place), Israel (the 18th), Vietnam (the
41st), the Philippines (the 50th), Kyrgyzstan (the 51st) and China (the 52nd) and was the lowest among the
OECD member states, except for Turkey (the 75th) and Greece (the 79th).
33.
The proportion of public pension beneficiaries among the people aged 65 or older is growing but
was a mere 42.3% as in 2015. Among the people of 55-79 years of age, the total amount of public and
private pension combined per month averaged about KRW 510,000. In particular, the beneficiaries of
monthly KRW 1 million or more in pension (e.g. the beneficiaries of the Government Employee Pension)
accounted for only 12.5%, whereas the beneficiaries of less than KRW 500,000 took up 75.2% of all pension
beneficiaries and even the beneficiaries of less than KRW 250,000 recorded a high proportion of 49.5%
(Statistics Korea, 2016 Statistics on the Aged). Accordingly, most of the pension beneficiaries find it difficult
to escape from absolute poverty unless they have an additional source of income or financial support, such as
earned income, family’s financial support or the benefit under the National Basic Livelihood Security (NBLS)
scheme.
34.
3
In the meantime, the Basic Pension scheme which, starting from July 2014, provides a monthly
The most recent available data was released in 2014 but, here, the data for 2013 is cited for inter-country comparison, because the
former only concerns 8 countries, including the Republic of Korea and Australia, while the latter includes almost all of the member
states (31 nations).
4
OECD (2017), Poverty rate (indicator). doi: 10.1787/0fe1315d-en (Accessed on 10 February 2017)
9 / 25