Abstract

1. Introduction: Population aging and income security Thomas R. Klassen and Jae-jin Yang 2. Pathway to the Korean welfare state: From newly industrialized to an aging tiger Moo-Kwon Chung 3. South Korea's unique demography and social risks Young Jun Choi 4. The emergence of a new labour market: The changing nature of work and retirement Dong-Myeon Shin 5. The National Pension Scheme and the multi-pillar system of old-age income security in Korea Soo Wan Kim 6. Korean Civil Service Pension: History and recent reform Jun-Ho Bae 7. Building private and occupational pensions Hanam Phang 8. Challenges of pension fund management: Governance and investment strategy Jongwook Won 9. Public pension schemes at a crossroads: Rapid aging but little room for reform Suk-myung Yun 10. Pension politics in Korea: Social dialogue and the pension reform process Hong-Won Chung 11. The Korean experience in comparative perspective Martin Hering 12. Conclusion: Averting the expected catastrophe Jae-jin Yang and Thomas R. Klassen

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