The number of retired people in their late 50s and early 60s is growing fast in South Korea. In 2010, 1.7 million people between the ages of 58 and 66retired, compared to 2.4 million people in 2019. While early retirement may seem enviable to some, it presents a big problem for others: Retirement forSouth Koreans in this age group is rarely voluntary, and many are not financially prepared to leave their jobs. This situation often leads directly to poverty.It also means that valuable professional knowledge and experience accumulated by this group—which could particularly benefit small- and medium-sized enterprises (SMEs)—gets wasted. Despite the fact that many senior people desire to continue working and that many businesses are willing to employ them, an inefficient labor market with information asymmetry prevents them from contributing to businesses, and from receiving the financial and psychological rewards that come with it. Good Job 5060 offers a proven working model that governments, nonprofits, and businesses can use to decrease late-life poverty and put valuable professional knowledge to use.