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Divorced Spouses to Share Pension if Marriage Lasted More than One Year

Divorced Spouses to Share Pension if Marriage Lasted More than One Year

SEOUL, Dec. 24 (Korea Bizwire) — The government is pushing to revise a law that will permit divorced people to immediately claim part of the national pension received by their ex-spouses if the couple were married for at least one year, officials said Monday. Under the current system, a couple needs to be married for [...]

Gov’t to Change Rule for Easier Pension Sharing After Divorce

Gov’t to Change Rule for Easier Pension Sharing After Divorce

SEOUL, Dec. 17 (Korea Bizwire) — The welfare ministry said Monday it is reviewing a regulatory change that would allow divorcees to claim part of the national pension received by their ex-spouses after just one year of marriage. Eligibility for pension sharing currently comes with a number of prerequisites, including minimum five years in marriage [...]

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

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 [...]

Divorce Rate Drops for International Couples

Divorce Rate Drops for International Couples

SEOUL, May 15 (Korea Bizwire) — The divorce rate among married international couples has dropped noticeably in recent years. The Ministry of Justice says that this is due to an educational program that all international couples must go through before getting married. According to figures released by the Ministry of Justice and Statistics Korea, the [...]

Divorce Soars Around New Year and Chuseok

Divorce Soars Around New Year and Chuseok

SEOUL, Jan. 15 (Korea Bizwire) — Despite the family-friendly image of traditional holidays, a significant number of couples file for divorce around traditional family holidays such as Lunar New Year and Chuseok. Data from the National Court Administration shows that nearly twice as many married couples file for divorce during the 10 days before and after [...]

Divorce Rate Increasing for South Korean Men With a Foreign Spouse

Divorce Rate Increasing for South Korean Men With a Foreign Spouse

SEOUL, April 26 (Korea Bizwire) – The number of South Korean men who want to divorce their foreign spouse has quadrupled over the last six years, according to a report released by the Korea Legal Aid Center for family relations yesterday. The report, which was based on multicultural married couples who received divorce counseling last year, [...]