Sep. 1987
Established the National Pension Corporation
Jan. 1988
Implemented the national pension system (Limited to workplaces with 10 or more full-time employees)
Jan. 1992
Compulsory coverage included workplaces with five or more full-time employees
July. 1995
Compulsory coverage was extended to farmers and fishermen in rural areas
Apr. 1999
Compulsory coverage expanded to majority population in Korea (compulsory coverage in urban areas)
July. 2003 ~ July. 2006
Gradually expanded compulsory coverage to corporations and workplaces with less than five full-time employees
May. 2009
Commenced the Retirement Planning Service
Jan. 2011
Consigned the affairs in relation to collection of contribution to the National Health Insurance Service (NHIS)
Apr. 2011
Implemented a system for assessment and registration of the disabled (all levels), in accordance with the Welfare of Disabled Persons Act
Oct. 2011
Commenced support programs for the disabled
Dec. 2012
Determined the scope of income of an insured under the National Basic Living Security Act
July. 2014
Support for the Basic Pension operation
Jun. 2015
NPS headquaters relocation to Jeonju
Dec. 2015
Implementation of Retirement Planning Service
Aug. 2016
Implementation of an unemployment credit system
Feb. 2017
NPSIM relocation to Jeonju
July. 2018
Adopted the Stewardship Code for National Pension Fund
July. 2019
Abolished “disability ratings” in shift to “disability levels”
Apr. 2021
Opening of the global Fund Building
Jun. 2022
Implementation of a pension contribution support system for domestic workers
July. 2022
Implementation of a pension contribution support system for low-income individually Insured persons
Dec. 2023
National Pension Fund reserves exceed KRW 1,000 trillion