Retirement South Korea prefers rehiring retirees than extending retirement age Businesses see benefits fixed or part-time contracts due to rigid seniority-based pay and employment rights iStock.com/Pavel Kim Image Chantelle Cloete Reporter Thursday 04 September 2025 As South Korea continues to grapple with an ageing population, many of its businesses would prefer to continue rehiring retirees than have the government increase the mandatory retirement age Get AccessContinue reading International Employment LawyerAlready have access? Login now Email Enter your email address. Password Enter the password that accompanies your email address. Reset your passwordLog in Need access? Find out how to enjoy unlimited accessGet access You might also like... Retirement Could KBank’s early retirement offer point to a new global trend? Retirement China finally raises retirement ages amid demographic challenge Retirement Contractual retirement clauses key for terminations in Malaysia Restructuring Nissan to offer Japanese managers early retirement packages