A survey confirmed Monday that almost 90 p.c of South Korean adults are prepared to work after retirement, largely attributable to monetary causes.
A web-based job-seeking portal Saramin surveyed 4,056 adults throughout the nation from Oct.7 to 10, asking them in the event that they had been prepared to work after retirement.
Some 87.3 p.c of the respondents mentioned they might, with 95.8 p.c of these of their 50s saying so. They had been adopted by 81.9 p.c of these of their 40s, 74.4. p.c of these of their 30s and 65.8 p.c of these of their 20s.
When requested why they wished to work after retirement — with a number of solutions allowed — 58.6 p.c mentioned it was as a result of their financial savings and pension program wouldn’t be enough to assist post-retirement life. About 30.6 p.c mentioned it was to safe further funds, 29.3 p.c mentioned it was to move the time and 20.2 p.c mentioned it was to assist their households.
Half-time employment was essentially the most most well-liked type of post-retirement work, picked by 47.5 p.c of the respondents. However 27.8 p.c of respondents mentioned they want a full-time job.
Some 50.9 p.c mentioned they wished to work for 40 hours, adopted by 15.9 p.c who picked 30 hours, 9.7 p.c wished to work 25 hours, 8.8 p.c picked 20 hours, 8 p.c selected 35 hours, and 6.8 p.c who mentioned they wished to work for greater than 40 hours.
On common, respondents wished to cease working at age 72.5, over a decade above the authorized retirement age of 60.
As such, 84.1 p.c of the respondents mentioned the present authorized retirement age ought to be modified. The common reply for the acceptable retirement age was 67.7.
There have been discussions about altering the present authorized retirement age, with the life expectancy of each genders surpassing 80 as of 2023, in line with the Korean Statistical Info Service.
In August, Rep. Park Hong-bae of the primary opposition Democratic Get together of Korea proposed a invoice that may steadily change the authorized retirement age to 65 by 2033.
