South Korea

=== National pension scheme ===
The [[Pension policy in South Korea|South Korean pension system]] was created to provide benefits to persons reaching old age, families and persons stricken with death of their primary breadwinner, and for the purposes of stabilizing the nation's [[welfare state]].<ref name="Korea Labor Institute 1998">Bang, Ha-Nam, Study of Korean Corporations' Retirement Allowance Schemes, Korea Labor Institute, 1998.</ref> The structure is primarily based on taxation and is income-related.<ref>{{Cite web|url=http://www.umdcipe.org/conferences/policy_exchanges/conf_papers/Papers/1051.pdf|archive-url=https://web.archive.org/web/20161220030655/http://www.umdcipe.org/conferences/policy_exchanges/conf_papers/Papers/1051.pdf|url-status=dead|archive-date=20 December 2016|title=South Korea and Japan's Pension System Compared}}</ref> The system is divided into four categories distributing benefits to participants through national, military personnel, governmental, and private school teacher pension schemes.<ref>{{Cite web|url=http://www.oecd.org/finance/private-pensions/2763652.pdf|title=The Korean Pension System: Current State and Tasks Ahead|publisher=OECD|access-date=3 December 2016|archive-date=3 November 2018|archive-url=https://web.archive.org/web/20181103053303/http://www.oecd.org/finance/private-pensions/2763652.pdf|url-status=live}}</ref> The national pension scheme is the primary welfare system providing allowances to the majority of persons. Eligibility for the national pension scheme is not dependent on income but on age and residence, where those between the ages of 18 and 59 are covered.<ref name="National Pension Service">{{Cite web |title=Coverage |url=http://english.nps.or.kr/jsppage/english/scheme/scheme_01.jsp |url-status=dead |archive-url=https://web.archive.org/web/20160221082933/http://english.nps.or.kr/jsppage/english/scheme/scheme_01.jsp |archive-date=21 February 2016 |access-date=1 December 2016 |publisher=National Pension Service}}</ref> Anyone under 18 is a dependent of someone who is covered or under a special exclusion where they are allowed to alternative provisions.<ref name="SSA.GOV">{{Cite web|url=https://www.ssa.gov/policy/docs/progdesc/ssptw/2010-2011/asia/southkorea.html|title=Social Security Programs Throughout the World: Asia and the Pacific, 2010 – South Korea|publisher=U.S. Social Security Administration, Office of Retirement and Disability|access-date=1 December 2016|archive-date=3 December 2016|archive-url=https://web.archive.org/web/20161203131829/https://www.ssa.gov/policy/docs/progdesc/ssptw/2010-2011/asia/southkorea.html|url-status=live}}</ref> The national pension scheme is divided into four categories of insured persons – the workplace-based insured, the individually insured, the voluntarily insured, and the voluntarily and continuously insured. An old-age pension scheme covers individuals age 60 or older for the rest of their life as long as they have satisfied the minimum of 20 years of national pension coverage beforehand.<ref name="SSA.GOV" />