Economic Research Institute of the Bank of Korea Archives | Be Korea-savvy
Aging Population to Face Labor Force Shortage in 10 Years, Bank of Korea Says

Aging Population to Face Labor Force Shortage in 10 Years, Bank of Korea Says

SEOUL, Aug. 11 (Korea Bizwire) — A new report from the Bank of Korea claims South Korea will begin facing labor force shortages in 10 years in the face of an aging population, with the economically active population expected to plunge 13 percent by 2050. According to the report released by Lee Cheol-hee, an economics professor [...]