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Established the National Pension Corporation
Implemented the national pension system (Limited to workplaces with 10 or more full-time employees)
Compulsory coverage included workplaces with five or more full-time employees
Compulsory coverage was extended to farmers and fishermen in rural areas
Compulsory coverage expanded to majority population in Korea (compulsory coverage in urban areas)
Gradually expanded compulsory coverage to corporations and workplaces with less than five full-time employees
Commenced the Retirement Planning Service
Consigned the affairs in relation to collection of contribution to the National Health Insurance Service (NHIS)
Implemented a system for assessment and registration of the disabled (all levels), in accordance with the Welfare of Disabled Persons Act
Commenced support programs for the disabled
Determined the scope of income of an insured under the National Basic Living Security Act
Support for the Basic Pension operation
NPS headquaters relocation to Jeonju
Implementation of Retirement Planning Service
NPSIM relocation to Jeonju
Adopted the Stewardship Code for National Pension Fund
Abolished “disability ratings” in shift to “disability levels”