Social Security Office Outlines 3 Reform Pathways Focusing on Transparency, Efficiency, and Sustainability

On February 11, 2026, the Social Security Office (SSO) clarified its organizational reform direction, confirming openness to all recommendations to improve operations and protect the benefits of over 24 million insured individuals. The first key issue involves reforming the structure and management of the Social Security Office, emphasizing that the Social Security Fund is a fundamental guarantee that the state cannot deny responsibility. The Ministry of Labor has urgently ordered the appointment of advisors and a working group to study the SSO's reform structure, including representatives from tripartite stakeholders such as employers, insured individuals, and relevant government agencies. The second issue focuses on improving procurement and budget utilization systems. The budget comes from annual contributions from insured individuals, employers, and the government, with legal provisions allowing the SSO to use up to 10% of annual contributions for administrative purposes. Currently, the SSO uses less than 3% annually, with multiple oversight mechanisms including tripartite board reviews and independent audits. The third issue addresses investment reform, aiming to strengthen and improve sustainable returns. The SSO is revising investment regulations, particularly for off-market real estate investments, and has approved a new investment strategy that adjusts asset allocation and explores international investments to potentially increase expected returns from 5.2% to 5.9% annually.