Jae-jin Yang is an associate professor in the Department of Public Administration at Yonsei University in South Korea. His areas of expertise are social policy and state theory. Recently, he has written extensively on the Korean welfare state and pension reform. Thomas R. Klassen is an associate professor in the Department of Political Science and the School of Public Policy and Administration at York University in Canada. He has written widely on comparative welfare states, especially on income security policies.

• 1. Introduction: Population aging and income security Thomas R. Klassen and Jae-jin Yang 2. Pathway to the Korean welfare state: From newly industrialized to an aging tiger Moo-Kwon Chung 3. South Korea’s unique demography and social risks Young Jun Choi 4. The emergence of a new labour market: The changing nature of work and retirement Dong-Myeon Shin 5. The National Pension Scheme and the multi-pillar system of old-age income security in Korea Soo Wan Kim 6. Korean Civil Service Pension: History and recent reform Jun-Ho Bae 7. Building private and occupational pensions Hanam Phang 8. Challenges of pension fund management: Governance and investment strategy Jongwook Won 9. Public pension schemes at a crossroads: Rapid aging but little room for reform Suk-myung Yun 10. Pension politics in Korea: Social dialogue and the pension reform process Hong-Won Chung 11. The Korean experience in comparative perspective Martin Hering 12. Conclusion: Averting the expected catastrophe Jae-jin Yang and Thomas R. Klassen

Jae-jin Yang is an associate professor in the Department of Public Administration at Yonsei University in South Korea. His areas of expertise are social policy and state theory. Recently, he has written extensively on the Korean welfare state and pension reform. Thomas R. Klassen is an associate professor in the Department of Political Science and the School of Public Policy and Administration at York University in Canada. He has written widely on comparative welfare states, especially on income security policies.

• 1. Introduction: Population aging and income security Thomas R. Klassen and Jae-jin Yang 2. Pathway to the Korean welfare state: From newly industrialized to an aging tiger Moo-Kwon Chung 3. South Korea’s unique demography and social risks Young Jun Choi 4. The emergence of a new labour market: The changing nature of work and retirement Dong-Myeon Shin 5. The National Pension Scheme and the multi-pillar system of old-age income security in Korea Soo Wan Kim 6. Korean Civil Service Pension: History and recent reform Jun-Ho Bae 7. Building private and occupational pensions Hanam Phang 8. Challenges of pension fund management: Governance and investment strategy Jongwook Won 9. Public pension schemes at a crossroads: Rapid aging but little room for reform Suk-myung Yun 10. Pension politics in Korea: Social dialogue and the pension reform process Hong-Won Chung 11. The Korean experience in comparative perspective Martin Hering 12. Conclusion: Averting the expected catastrophe Jae-jin Yang and Thomas R. Klassen

Jae-jin Yang is an associate professor in the Department of Public Administration at Yonsei University in South Korea. His areas of expertise are social policy and state theory. Recently, he has written extensively on the Korean welfare state and pension reform. Thomas R. Klassen is an associate professor in the Department of Political Science and the School of Public Policy and Administration at York University in Canada. He has written widely on comparative welfare states, especially on income security policies.

• 1. Introduction: Population aging and income security Thomas R. Klassen and Jae-jin Yang 2. Pathway to the Korean welfare state: From newly industrialized to an aging tiger Moo-Kwon Chung 3. South Korea’s unique demography and social risks Young Jun Choi 4. The emergence of a new labour market: The changing nature of work and retirement Dong-Myeon Shin 5. The National Pension Scheme and the multi-pillar system of old-age income security in Korea Soo Wan Kim 6. Korean Civil Service Pension: History and recent reform Jun-Ho Bae 7. Building private and occupational pensions Hanam Phang 8. Challenges of pension fund management: Governance and investment strategy Jongwook Won 9. Public pension schemes at a crossroads: Rapid aging but little room for reform Suk-myung Yun 10. Pension politics in Korea: Social dialogue and the pension reform process Hong-Won Chung 11. The Korean experience in comparative perspective Martin Hering 12. Conclusion: Averting the expected catastrophe Jae-jin Yang and Thomas R. Klassen