Individual consultations and ongoing planning support for retirement income and savings, built around the way households in Gangnam actually save, invest, and draw down wealth.
Call +82 2-538-4926 · Gangnam-daero 446, Gangnam-gu, Seoul
Retirement planning in Korea sits at the intersection of national pension expectations, personal savings, and real-estate-heavy household balance sheets. These are the concerns that most often open a first consultation at our Gangnam office.
The Korean national pension replaces a modest share of pre-retirement income, and the replacement rate has been trending down. We map the gap between projected pension income and the spending a household actually expects in retirement.
Moving from accumulation to a drawdown plan is a different problem from saving itself. We work through withdrawal sequencing, tax-efficient drawing from pension and personal accounts, and how to handle lump sums from severance or property sales.
For many Seoul households the apartment is the largest retirement asset. We discuss whether and when to monetize housing, jeonse deposits, and how to plan alongside inheritance expectations across generations.
Household balance sheets here look different — high home-ownership, large jeonse deposits, and a national pension still maturing. Planning that ignores that local shape tends to fail.
In Gangnam and across Seoul, a typical pre-retirement household holds wealth in three places: a home, a jeonse deposit, and a mix of pension and personal accounts. Retirement income planning has to treat those three as one picture, not three separate boxes.
We model the national pension at its current projected payout schedule, not at an aspirational future rate. That keeps the income floor honest and shows where personal savings actually have to carry the plan.
Korean life expectancy continues to rise. We plan income to last into a client's early 90s by default, with a separate review of late-life care and medical cost contingencies.
We start by estimating the monthly income a household wants in retirement, in today's KRW, and translate that into a target capital base. The target is a planning number, reviewed each year — not a forecast we promise to hit.
We review how current savings are held — pension accounts, ISAs, bank deposits, funds, direct holdings — and whether that structure is appropriate for the time horizon to retirement and the income target above.
The order in which income is drawn — national pension, then personal pension, then taxable accounts, then housing — changes how long the portfolio lasts. We model the sequence against Korean tax rules and the client's actual account mix.
Whether to downsize, convert jeonse to monthly rent, or use housing equity to fund retirement is often the single largest decision in the plan. We work through it carefully, with no presumption that monetizing the home is the right answer.
A retirement plan is a living document, not a one-time report. We build the first version together in our Gangnam office, then review it as income, taxes, and family circumstances change.Han Jiyu · Representative Director, GlacierMesh Retirement Planning
The first consultation is a 60-minute conversation at our Gangnam office or by video call. We use it to understand your current situation, your retirement income expectations, and whether ongoing planning support is the right fit. There is no obligation to continue.
Prefer to talk first? Call +82 2-538-4926 or email info@glaciermesh.digital.