SEOUL, Dec. 20 (Korea Bizwire) – The proportion of never-married individuals in their 40s has increased dramatically in South Korea, with 23.6% of men and 11.9% of women remaining single in 2020 – representing a 6.7-fold and 5.7-fold increase respectively compared to 20 years ago, according to a new government report. Statistics Korea released these findings [...]
SEOUL, Dec. 3 (Korea Bizwire) – As South Korea confronts an aging population, discussions around extending the retirement age are gaining momentum in political and corporate circles. While companies remain wary of increased wage burdens, they are exploring flexible approaches to address the issue. The ruling People Power Party has highlighted the urgency of reform. [...]
SEOUL, Oct. 9 (Korea Bizwire) – As South Korea grapples with a plummeting birth rate, a growing number of childcare facilities are finding new purpose as long-term care centers for the elderly, highlighting the country’s dramatic demographic shift. According to data obtained by Representative Jeon Jin-suk of the Democratic Party from 17 provincial and metropolitan governments, [...]
SEJONG, Sept. 28 (Korea Bizwire) – A recent government report reveals that more than one in three elderly South Koreans living alone have no one to talk to, highlighting a growing crisis of isolation among the country’s aging population. Statistics Korea released its 2024 Elderly Statistics report on September 26, painting a stark picture of the [...]
SEOUL, Sept. 27 (Korea Bizwire) – For the first time in its history, Samsung Electronics, the South Korean tech giant, has more employees aged 40 and above than those in their 20s, according to a recent analysis. This demographic shift underscores a rapidly aging workforce at one of the world’s leading technology companies. The Korea CXO [...]
SEOUL, Sept. 24 (Korea Bizwire) – A new government report paints a stark picture of South Korea’s demographic future, projecting that the country’s rapid aging and declining birth rates will outpace global trends over the next five decades. The Statistics Korea report, released on September 23, forecasts that by 2072, nearly half of South Korea’s population [...]
SEOUL, Sept. 14 (Korea Bizwire) – As South Korea grapples with an unprecedented pace of population aging, coupled with trends towards longer life spans with chronic illnesses and an increase in single-person households, the need for individuals to prepare for their own elder care is becoming increasingly urgent. On September 12, the Korea Life Insurance Association [...]
SEJONG, Jul. 31 (Korea Bizwire) – A recent survey has revealed that nearly 70% of South Korea’s aging population, comprising individuals aged 55 to 79, express a desire to continue working. This demographic, approaching 16 million people, showcases a strong inclination towards prolonged participation in the workforce. Statistics Korea released these findings on July 30, as [...]
SEOUL, Jul. 15 (Korea Bizwire) – In the first half of this year, South Korea witnessed an unprecedented increase in workers over 70, highlighting the country’s rapidly aging workforce and sparking debates about extending employment for older citizens. According to data released by Statistics Korea on July 14, the number of employed individuals aged 70 and [...]
SEOUL, Jul. 1 (Korea Bizwire) — South Korea will launch a new ministry of population strategy to address low birth rates and a rapidly aging population, which have emerged as some of the starkest challenges facing the country, officials said Monday. The government unveiled the plan following high-level meetings with the ruling party, saying that [...]