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Republic of Korea: Selected Issues

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  • International Monetary Fund

Abstract

This Selected Issues paper highlights that the authorities in the Republic of Korea recognize the pension policy challenges ahead, and a first wave of reforms has already been launched. Despite the reforms to date, much remains to be done. Without further reforms, the public pension systems in Korea are not financially sustainable. This paper considers options for moving to a funded first-pillar pension system. The main results show that a sustainable, funded pension system can be achieved in Korea with reasonably modest changes to key parameters and extra financing.

Suggested Citation

  • International Monetary Fund, 2003. "Republic of Korea: Selected Issues," IMF Staff Country Reports 2003/080, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2003/080
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=16435
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    Citations

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    Cited by:

    1. Mr. Dong He, 2004. "The Role of Kamco in Resolving Nonperforming Loans in the Republic of Korea," IMF Working Papers 2004/172, International Monetary Fund.
    2. International Monetary Fund, 2006. "Republic of Korea: Selected Issues," IMF Staff Country Reports 2006/381, International Monetary Fund.
    3. Mr. Murtaza H Syed & Mr. Michael Skaarup & Mr. Tarhan Feyzioglu, 2008. "Addressing Korea’s Long-Term Fiscal Challenges," IMF Working Papers 2008/027, International Monetary Fund.
    4. Ms. Meral Karasulu, 2008. "Stress Testing Household Debt in Korea," IMF Working Papers 2008/255, International Monetary Fund.

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