Consensus amid Chaos

On 20 March 2025 the Korean National Assembly passed a pension reform. This historic decision, which was passed by both major parties despite fierce political debate, ushers in a new chapter for the pension system after 18 years. Despite ongoing challenges, the course for solutions in the face of serious demographic developments is set. Above all, it provides a striking contrast to the enormous polarization that otherwise characterizes Korean politics and has led to the current crisis.