S. Koreans retiring earlier than expected

South Koreans are retiring roughly five years earlier than expected.
According to Samsung Life Insurance Retirement Center’s report on October 7th, retirees had expected to retire at the age of 62, but in reality, the average age of retirement was just 57.
The expected retirement age for non-retirees was 65 years, 8 years later than the actual retirement age.
The report also showed that many workers are not prepared for retirement.
83% of non-retirees do not have a plan to earn income if they stop working earlier than expected.
The report was based on a survey of two-thousand-four-hundred residents of the Seoul metropolitan area aged between 25 and 74.