Spiking divorce rate changes Korean laws and marriages
Korea’s National Pensions Act will be revised for fairer splits for divorcing couples, but legal challenges are expected
By Ko Dong-hwan
Divorce ― once seen as a taboo subject ― is becoming more common around the world, including Korea, as couples choose it over an unhappy marriage.
And the trend is driving a revision of relevant laws to make divorces fairer in terms of dividing financial pies.
Korea’s Ministry of Health and Welfare said Monday it will revise the National Pensions Act to mandate that divorcing couples divide their pensions based on the time actually spent together.
The present law says the annuity should be divided based on the legal marriage period, regardless of how long the couple lived together.
The revision came after the Constitutional Court ruled on December 29 that Article 64, Clause 1 of the National Pensions Act ― which states that when divorcing, pensions must be divided in half for the legal marriage period ― “violates property rights” and is against the Constitution.