Social security agreements with South Korea and China

The social security agreement between Finland and South Korea will come into force on 1.2.2017. The agreement concerns the applicable social security legislation and pensions and affects people who are mobile between the countries.

Representatives from the liaison body in South Korea, the National Pension Service (NPS), visited the Finnish Centre for Pensions on 29.11. They familiarised themselves with the Finnish pension system, which they found to be very good. They want to  take cue of the Finnish system, in particular of how our pension system has prepared itself for the challenges posed by an ageing population.

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Front row, from left to right: Marjukka Hietaniemi (Development Manager, Finnish Centre for Pensions) and Junghee Kim (Director of Benefits & Reviews Div, NPS). Back row, from left to right: Mika Vidlund (Liaison Manager), Janne Pulkkinen (Liaison Manager),  Henri Kärkkäinen (Customer Service Manager) and Noora Allenius (Liaison Manager) of the Finnish Centre for Pensions, and Miho Yoo (Deputy Director of Basic Pension & Pension Support Div.) and Yoen-jin Gil (Manager of Benefits & Reviews Div.) of NPS.

The bilateral social security agreement between Finland and China will also come into force on 1.2.2017. The agreement will mainly concern the applicable social security legislation.

In both cases, the agreements’ areas of application include earnings-related pensions and unemployment insurance.