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Spike in no. of Koreans forced to retire in their 40s, 50s Updated: 2020-02-16 13:55:32 KST

The number of South Koreans in their forties and fifties being forced into retirement has hit a five year high.
That's according to the office of conservative lawmaker Choo Kyung-ho who analyzed a survey conducted by Statistics Korea last year.
According to the figures, the number of involuntary retirees among the age group hit 489-thousand in 2019.
The biggest reasons for the spike among people in their forties' were a lack of jobs and workplaces going out of business.
Meanwhile, retired people in their 50s, were let go after temporary contracts came to an end. Others were dismissed or had to take early retirement.
Reporter : osy@arirang.com
KOGL : Korea Open Government License
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