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Laws › Act on the Guarantee of Employees' Retirement Benefits › CHAPTER VII RESPONSIBILITIES AND SUPERVISION

Act on the Guarantee of Employees' Retirement Benefits — Article 35 (Supervision over Employers)

근로자퇴직급여 보장법 제35조

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.

(1) If any employer violates this Act, the rules for retirement pension, or the standard contract of SME retirement pension plan in relation to the establishment, operation, etc. of a retirement pension plan, the Minister of Employment and Labor may order such employer to correct the violation for a specified period. <Amended on Apr. 13, 2021>

(2) If any employer fails to comply with a corrective order within the deadline under paragraph (1), the Minister of Employment and Labor may order suspension of the operation of the retirement pension plan.

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