SEOUL, Feb. 12 (Korea Bizwire) — The Korea Transportation Safety Authority (KTSA) reported on February 11 that approximately 70% of elderly drivers felt they received more courteous treatment and right-of-way considerations from other drivers after displaying “Senior Driver” signs on their vehicles. The initiative, launched in September last year in Busan, aimed to promote a more [...]
SEOUL, Feb. 7 (Korea Bizwire) — In a vocational training center in Seoul’s Jung district, Shin Hae-cheong, 72, carefully measures wallpaper and prepares paste for his latest assignment. A real estate agent by trade, Shin traveled from his provincial home to the capital to earn a wallpapering certification — what he hopes will be his ticket [...]
SEOUL, Jan. 30 (Korea Bizwire) — As South Korea approaches the milestone of 10 million senior citizens aged 65 and older, businesses are being urged to tap into the rising purchasing power of this demographic, according to a new report from the Korea Chamber of Commerce and Industry (KCCI). The report, titled ‘GG Market Strategy Report,’ [...]
SEOUL, Dec. 24 (Korea Bizwire) — According to life-cycle statistics for 2023 released by Statistics Korea on December 23, one in three South Koreans aged 65 and above are now employed, while about 80% of both young (15-39) and elderly households consist of one or two people. The administrative data, compiled from various government departments and [...]
SEOUL, Aug. 26 (Korea Bizwire) — The proportion of job positions taken by senior citizens reached an all-time high this year amid rapid aging, data showed Monday. The average number of the employed per month stood at 28.51 million during the January-July period, and those aged 60 and older accounted for 22.4 percent, or 6.39 [...]
SEOUL, Jul. 11 (Korea Bizwire) – The population aged 65 or older has surpassed 10 million, accounting for 19.5 percent of the total officially registered population, the interior ministry said Thursday. The population of those aged 65 or over reached 10,000,062 as of Wednesday, out of a total population of nearly 51.27 million, according to [...]
SEOUL, Jul. 11 (Korea Bizwire) – In a surprising trend, half of the recent applicants for health insurance policies designed for individuals with pre-existing conditions are in their 60s, according to a recent analysis. This demographic, which has historically faced challenges in obtaining coverage, is emerging as a significant force in the insurance market, coinciding with [...]
SEOUL, Jun. 13 (Korea Bizwire) – A new survey has underscored the increasing adoption of digital technologies like kiosks among older South Koreans, even as significant hurdles remain for many in that demographic navigating the online world. The report, released June 12 by the Seoul Digital Foundation after interviewing 5,500 residents aged 19 and above, found [...]
SEOUL, Apr. 29 (Korea Bizwire) – A new study has found that older adults with chronic conditions who live alone are less likely to take their medications as prescribed compared to those living with family members. Poor medication adherence among patients requiring long-term treatment for chronic illnesses can lead to reduced treatment efficacy, increased adverse effects, [...]
CHANGWON, Mar. 21 (Korea Bizwire) – As South Korea’s aging population continues to rise, the South Gyeongsang provincial government has announced a new elderly welfare brand aimed at addressing the four major challenges faced by the elderly – poverty, illness, loneliness, and loss of purpose. The initiative, unveiled on March 20, seeks to support a fulfilling [...]