National Pension Service

The National Pension Service (NPS) is South Korea’s government-managed social security program that provides retirement income and benefits to eligible workers and citizens. Funded through contributions from employees, employers, and the government, it pools these funds to ensure financial security for individuals after retirement. The NPS also manages disability and survivor benefits, offering a safety net for those in need. Its goal is to promote long-term financial stability and reduce poverty among the aging population, working as a fundamental part of the country’s social welfare system.