SEOUL, July 26 (Korea Bizwire) – A recent study from Statistics Korea revealed that the number of people aged 100 years and older has rapidly increased in recent years. According to the data, there are currently 3,159 men and women aged 100 years and older residing in Korea, 86.5 percent (2,731) of which are women, [...]
SEOUL, June 21 (Korea Bizwire) – Nine in 10 South Korean seniors are expected to live on the state pension in 2060, when the country’s national pension fund is estimated to dry up, a report said Tuesday. According to the report by the National Pension Research Institute, 91.3 percent of 17.62 million South Koreans aged [...]
SEOUL, June 2 (Korea Bizwire) – The latest overseas investment bank (IB) analysis noted that Korea’s surging debt – household and corporate – is degrading its potential for economic growth. And with its aging society and poor foreign conditions, the gap between Korean and global economic growth rates will likely expand. One of the IBs, [...]
SEOUL, March 28 (Korea Bizwire) – Data shows that one out of four people who filed for bankruptcy is over the age of 60, a stark indicator of the increasing worries over an ageing society and widespread poverty among seniors. Koreans in their 50s usually have financial difficulties that result from being economically active, such as [...]
SEJONG, March 23 (Korea Bizwire) – South Korea is on the threshold of becoming an aged society, with the share of senior citizens aged 65 or older in the nation’s population topping 13 percent last year, data showed Wednesday. According to the data by Statistics Korea, 13.1 percent of South Korea’s 50.62 million population were [...]
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 [...]
SEOUL, Oct. 19 (Korea Bizwire) – The third plan to deal with a chronically low birthrate and aging society issued by the government sees delayed marriage as one of the main causes of low rates of childbirth, and concentrates on providing solutions to establish ‘good conditions to get married’. As a first step, the government [...]
SEJONG, July 8 (Korea Bizwire) – The proportion of young people to the total population in South Korea dropped to the lowest level ever in 2015, affected by the country’s chronically low birthrate, government data showed Wednesday. According to the data by Statistics Korea, the number of people under age 14 accounted for 13.9 percent of the total population, down from 14.3 percent the year before and 21.1 percent in 2000. It marks the lowest percentage ever [...]
SEOUL, May 29 (Korea Bizwire) – In Korea, people are considered to be senior citizens at the age of 65. As senior citizens, Koreans can receive several benefits such as free transportation, government allowances, admission discounts and so on. However, as Korean society is aging faster than any other countries, many have argued that the [...]