The ruling People Power Party has urged for greater fairness between generations in the government's proposed reforms to the national pension system. Representative Ahn Sang-hoon emphasized the need for intergenerational equity in the pension reform, stating that the sustainability of the retirement security system for future generations is crucial. The debate, held at the National Assembly in Seoul, highlighted the differing views between the ruling party and the Democratic Party on key aspects of the reform, such as the income replacement rate. The proposed changes include raising the premium from 9 percent to 13 percent of income, with the ruling party suggesting an income replacement rate of 44 percent, while the Democratic Party has proposed 45 percent. Health Minister Cho Kyoo-hong also revealed the government's plan to unveil the pension reforms early next month, as the country faces concerns about the depletion of the pension fund and the challenges of an aging population. South Korea is expected to have the world's largest share of people aged 65 years or older in the population by 2044, according to Statistics Korea.