{"id":645661,"date":"2026-05-03T19:30:13","date_gmt":"2026-05-03T19:30:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/645661\/"},"modified":"2026-05-03T19:30:13","modified_gmt":"2026-05-03T19:30:13","slug":"nearly-120000-people-receive-over-1360-in-monthly-pensions-data","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/645661\/","title":{"rendered":"Nearly 120,000 people receive over $1,360 in monthly pensions: data"},"content":{"rendered":"<p><img src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/05\/909c80cc-b0b8-4fe1-8faa-6e8eef6b2f30.png\" style=\"height: auto; aspect-ratio: 1200 \/ 724; width: 100%\" alt=\"A person receives counseling at the National Pension Service's branch in northern Seoul, Jan. 6. Yonhap\" decoding=\"async\" loading=\"eager\" fetchpriority=\"high\"\/><\/p>\n<p>A person receives counseling at the National Pension Service&#8217;s branch in northern Seoul, Jan. 6. Yonhap<\/p>\n<p class=\"editor-p\">Almost 120,000 people in Korea currently receive a monthly payment of over 2 million won ($1,360), data from the state-run pension agency showed Sunday.<\/p>\n<p class=\"editor-p\">A total of 116,166 people received more than 2 million won in pensions as of the end of January, according to the data from the National Pension Service (NPS).<\/p>\n<p class=\"editor-p\">The monthly amount is widely considered the threshold to maintain a stable standard of living without additional income after retirement, according to a survey conducted by the National Pension Research Institute in 2024.<\/p>\n<p class=\"editor-p\">The number of such recipients has increased sharply from 10 people in 2018 to 437 in 2020 and 93,350 people in 2025.<\/p>\n<p class=\"editor-p\">Seoul first introduced the pension scheme in 1988.<\/p>\n<p class=\"editor-p\">Such a steep rise is attributable to an annual raise in pension payments to reflect inflation, and a growing number of long-term pension holders, notably those who have subscribed to the service for more than 20 years.<\/p>\n<p class=\"editor-p\">By gender, only 2.2 percent of the high pension receivers were women, likely due to many women being employed at low-paying jobs, or discontinuing their careers due to child birth or parenting.<\/p>\n<p class=\"editor-p\">Retirees in Korea, meanwhile, received an average of 700,427 won in pensions as of January, according to the latest findings.<\/p>\n","protected":false},"excerpt":{"rendered":"A person receives counseling at the National Pension Service&#8217;s branch in northern Seoul, Jan. 6. Yonhap Almost 120,000&hellip;\n","protected":false},"author":2,"featured_media":645662,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[45,49,48,133,131,132],"class_list":["post-645661","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-ca","tag-canada","tag-finance","tag-personal-finance","tag-personalfinance"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/645661","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=645661"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/645661\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/645662"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=645661"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=645661"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=645661"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}