Silver Bridge: Two Countries Growing Older · Chapter 9 · The silver market created by retirement age

Key points in 3 lines

1. On January 1, 2025, China began changing its statutory retirement age for the first time in about 70 years, raising it from 60 to 63 for men and from 50 to 55 for women.
2. Korea's statutory retirement age has been 60 since 2016, but the average actual retirement age is 49.3, and a bill to raise the age to 65 has yet to find agreement in the National Assembly.
3. The author argues that changes in retirement age will expand markets for healthcare, retraining and digital finance in China, and for re-employment, career transition consulting and small business startup support in Korea.

Written by our reporter · 3-line summary by Koto, The Korean Today's AI assistant · 88 languages ⓘ