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Laws › Act on the Guarantee of Employees' Retirement Benefits › CHAPTER VI RETIREMENT PENSION TRUSTEES AND THEIR PERFORMANCE OF DUTIES

Act on the Guarantee of Employees' Retirement Benefits — Article 26 (Registration of Retirement Pension Trustees)

근로자퇴직급여 보장법 제26조

This English translation is based on the Korean text effective 2022-07-12. The Korean law has since been amended (current version effective 2026-09-18) — check the Korean original.

Any of the following persons who intends to be a retirement pension trustee shall file for registration with the Minister of Employment and Labor after meeting the requirements prescribed by Presidential Decree, such as financial soundness, and personnel and physical resource requirements: <Amended on May 26, 2020; Apr. 13, 2021>

1. An investment trader, investment broker, or collective investment business entity under the Financial Investment Services and Capital Markets Act;

2. An insurance company under subparagraph 6 of Article 2 of the Insurance Business Act;

3. A bank under Article 2 (1) 2 of the Banking Act;

4. The National Credit Union Federation of Korea under subparagraph 2 of Article 2 of the Credit Unions Act;

5. The Korean Federation of Community Credit Cooperatives under Article 2 (3) of the Community Credit Cooperatives Act;

6. The COMWEL (the eligibility to retirement pension programs of the COMWEL shall be limited to business employing not more than 30 regular employees);

7. Other persons falling under subparagraphs 1 through 6 who are prescribed by Presidential Decree.

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