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The ruling party and the labor ministry announced on October 29 that external pension reserves will be mandatory for all workplaces by 2030, aiming to prevent unpaid retirement benefits. The plan, detailed in a 'retirement pension function enhancement' measure, will be phased in and includes expanding 'fund-type' retirement pensions managed by professional institutions. Yonhap reports the mandate applies to all workplaces by 2030, while Maeil Business and Chosun Ilbo note the plan follows a February labor-management-government agreement. The government will also introduce a new fund-type pension next year, according to Dong-A Ilbo. Korean media coverage focuses on the policy's scope and timeline, with no significant public reaction reported in the supplied documents.