Gyeongbuk Development Corporation Extends Public Worker Retirement Age from 60 to 65... "First Among Public Enterprises"

Gyeongbuk Development Corporation (President Lee Jae-hyuk) announced on the 8th that it will extend the retirement age of public service workers from the existing 60 to 65 years old.

This decision is a measure to respond to an aging society and strengthen employment stability in the public sector, aligning with the recent policy on extending the retirement age for public service workers announced by the Ministry of the Interior and Safety. Through this policy, Gyeongbuk Development Corporation plans to continuously utilize the careers and expertise of elderly workers and establish a stable employment environment.

Gyeongbuk Development Corporation

Through this retirement age extension, Gyeongbuk Development Corporation is playing a leading role in employment stability and workforce utilization in the public sector. As the first public enterprise to extend the retirement age for public service workers to 65, Gyeongbuk Development Corporation's case is expected to have a positive impact on other public institutions and private companies. In particular, it holds significant meaning in contributing to the continuous social contribution of elderly workers and the qualitative improvement of public services.

In addition to extending the retirement age, Gyeongbuk Development Corporation plans to implement various programs to enhance career development and welfare for public service workers. They will be provided with opportunities to build long-term careers and an environment where they can work more stably and efficiently based on their experience and expertise. The extension of the retirement age in the public sector can also positively influence the private sector and expand opportunities for elderly workers to continuously contribute to society.

Through this retirement age extension, elderly workers have gained the opportunity to continue stable employment, which will greatly help reduce economic burdens and improve quality of life.

Gyeongbuk Development Corporation stated, “Along with this extension of the retirement age for public service workers, we will also pursue various policies for job creation to promote coexistence between generations.”