‘Don’t trust the pension system’: why young South Koreans back later retirement

Kim Sung-ho, 38, an office worker, said he is increasingly open to the idea of raising the retirement age in South Korea.
“A few years ago, I opposed extending the retirement age,” he said. “But now, living costs and housing prices are getting higher. I worry more about my own future. I think I will need a stable source of income until I get older. Extending retirement age isn’t about the older generation any more. It’s about preparing for the future for my generation too.”
Similarly, An…