No retirement at 60? Hercules may abolish the retirement age

SK Hynix and other companies will abolish the retirement age and allow outstanding employees to continue working even after they reach 60 years old.

SK Hynix launched the Honorary Engineer (HE) system in December 2018 to allow outstanding technologists to continue working even after retiring at age 60. In addition, SK Hynix plans to train engineers who are not subject to retirement age through an in-house university.

SK Hynix University (SKHU), an in-house university established in 2017, has retired executives become SKHU instructors and pass on their knowledge to workers. In addition, the Korean government announced on Feb. 10 that it will introduce a continuous employment system for senior citizens so that they can work after the age of 60.