Proposed Law Has Divorced Spouses Sharing Pension Funds After One Year of Marriage

Proposed Law Has Divorced Spouses Sharing Pension Funds After One Year of Marriage

Under current laws, couples must be married for five years of more to be entitled to the same privileges. (Image: Kobiz Media) SEOUL, Nov. 19 (Korea Bizwire) — A new law that would entitle each spouse to half of the other’s national pension funds upon divorce after a marriage period of one year or longer is being pushed forth.

Under current laws, couples must be married for five years of more to be entitled to the same privileges.

According to the Ministry of Health and Welfare and the National Assembly, the newly proposed version of the law is currently under review, […]

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