SEOUL, April 10 (Korea Bizwire) — Less than two out of 10 South Korean elderly people have a hunched back, the standard agency said Sunday, as their physical stature has improved thanks to the improvement in income levels and consistent self-care efforts. The Korean Agency for Technology and Standards conducted a survey of 1,014 senior [...]
SEOUL, March 19 (Korea Bizwire) — The number of working South Koreans aged 60 and above has more than doubled in the past 10 years due to higher living costs amid a global economic slowdown, government data showed Sunday. The number of working Koreans aged 60 and older jumped to 5.77 million in February from [...]
SEOUL, April 15 (Korea Bizwire) — One third of South Koreans will be over 65 years of age by 2040, indicating that senior population will triple in proportion to the productive age population between 15 and 64 years of age, a report showed Thursday. The country’s overall population will shrink from 51.84 million in 2020 [...]
SEOUL, Jan. 5 (Korea Bizwire) — South Korea is forecast to overtake Japan in terms of the proportion of elderly people among the total population in about 20 years due to its steep population aging speed, the central bank predicted Monday. The Bank of Korea (BOK) said in its latest report that South Korea ranks [...]
SEOUL, Dec. 17 (Korea Bizwire) — The South Korean government has launched an initiative to make the roads safer for elderly people. The Ministry of Land, Infrastructure and Transport announced on Wednesday that it had fully amended the road design guidelines for the elderly people as part of efforts to prevent elderly traffic accidents. The [...]
SEJONG, Oct. 15 (Korea Bizwire) — The number of people aged 65 or older in South Korea is expected to account for 30 percent of the population in 2035, a report showed Thursday, highlighting concerns that the fast-aging demographic transition could pose a drag on the country’s economy. According to the report by Statistics Korea, [...]
SEJONG, Aug. 28 (Korea Bizwire) — South Korea’s total population inched up last year, but elderly people continued to outnumber children due to a rapid aging trend and a record low birth rate, the national census showed Friday. A total of 51.78 million people lived in South Korea as of Nov. 1, 2019, up 0.3 [...]
SEOUL, May 26 (Korea Bizwire) — Medical spending for the elderly people covered by South Korea’s state health insurance program surpassed 40 percent of its total medical outlay in 2018, data showed Sunday. The steady rise of medical and healthcare costs for elderly people came as South Korea’s population is rapidly aging, with the portion [...]
SEOUL, Jan. 28 (Korea Bizwire) — As an increasing number of people in their 60s and 70s are becoming familiar with mobile and smart devices, a growing number are turning to digital health products for Lunar New Year’s gifts. Auction, an open market, reported on Sunday that sales of a product that can be connected [...]
SEOUL, Dec. 3 (Korea Bizwire) — Thirty-one percent of people aged 65 or older held low-wage jobs, such as cleaners or security guards for flats, last year after their retirement, a report said Monday. The report by state-run Korea Development Bank showed a rising poverty rate among elderly people in fast-aging South Korea, already highest [...]