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He was someone who had worked in a factory for 26 years without ever missing a single National Pension payment. After retiring, he opened a cold noodle restaurant and held out for eight years. It all started when he canceled his automatic payments after sales were cut in half due to COVID-19. What started as a plan to take a break "just this month" turned into 36 months, and his arrears reached 11.4 million won. One morning, when a "withdrawal freeze" appeared on his account, he found that he had noodles left in the refrigerator but could not place an order for ingredients. While the shutters were down for eight days, he lost business partners, his regulars turned away, and he received a call from the building owner. His eight-year-old business came to an end in just eight days. This would not have happened if he had simply submitted a single piece of paper called a "Payment Exemption Application." A person running a restaurant in the same neighborhood submitted that paper, and that shop remains open to this day. As of 2024, the number of compulsory collection cases for regional National Pension subscribers has surpassed 130,000, an increase of more than eight times compared to the previous administration. There are 160,000 individuals aged 60 or older in default on financial debts. The re-employment rate for small business owners in their 50s who have closed their businesses is 14.3%. The average monthly net income for designated drivers is 1.26 million won, with an hourly wage of 6,800 won, falling short of even 70% of the minimum wage. #NationalPension #ArrearsSeizure #SelfEmployed #PaymentException #BusinessClosure #DesignatedDriver #SmallBusinessOwners #BankruptcyInOldAge #Boiso

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