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Market for Senior-Friendly Food Is Growing Fast Amid Aging Population

Market for Senior-Friendly Food Is Growing Fast Amid Aging Population

SEOUL, April 7 (Korea Bizwire) – With South Korea’s population aging expected to accelerate, the market for food targeting senior consumers is also growing, according to a recent government report. A 2015 food market analysis report by the Ministry of Agriculture, Food and Rural Affairs (MAFRA) and Korea agro-Fisheries & Food Trade Corporation (aT), showed [...]

Aging Population To Cut Growth Rate to 1-pct Level

Aging Population To Cut Growth Rate to 1-pct Level

SEOUL, Nov. 20 (Korea Bizwire) – The aging population and subsequent cut in the labor force could bring down South Korea’s growth rate to the 1-percent level in 20 years, an expert said Friday. According to government data, Koreans aged 65 or older accounted for 12.2 percent of the total population of some 50 million [...]