The National Pension retroactive payment system has long been exploited by the wealthy

‌Ultra-high payers of National Pension retroactive premiums exceeding 70 million KRW concentrated in Gangnam 3-gu < Politics < Politics < Politics < Article Body - Kukje News
30.4% of ultra-high payers of National Pension retroactive premiums exceeding 70 million KRW concentrated in Gangnam 3-gu < Politics/Economy < General Society < Article Body - Financial Post
National Pension 'Retroactive Payment System' exploited as a wealth management product... Urgent need for countermeasures
It became a whispered trend for wealth management among "Gangnam Ajummas" who have never worked a day in their lives.
Until a few years ago, there was no 10-year limit on retroactive payments, and a wealth management method of paying 20 or 30 years' worth of National Pension all at once to receive pension benefits was quite popular. Consequently, a 10-year limit on retroactive payments was introduced following criticisms that this was unfair to diligent payers who pay their monthly premiums consistently while working.
Among the elderly currently receiving pensions, there are likely people who paid in that manner to receive their benefits.
Therefore, it is not surprising that foreigners, including Chinese nationals, are attempting to secure lifelong pension rights through the retroactive payment system. We should simply demand that the retroactive payment system be made stricter.
Do they think people are suckers for paying their monthly premiums diligently? We should be making claims like, "You wealthy people, stop paying massive lump sums all at once!"