Working-age population Archives

Working-age Population to Tumble 35 pct Over Next 30 Years

SEOUL, May 26 (Korea Bizwire) — South Korea’s working-age population is expected to plunge 35 percent over the next 30 years amid the record low birthrate and rapid aging, a government estimate showed Thursday. The working-age population, or people aged 15 to 64, is expected to reach 24.19 million in 2050, down from 37.38 million [...]

S. Korea’s Working Population Shrinking Faster than in other Countries

SEOUL, Jan. 2 (Korea Bizwire) — South Korea’s working-age population is shrinking much faster than in other countries after hitting its peak in 2016, a report said Tuesday. According to the Health and Welfare Forum published by the Korea Institute for Health and Social Affairs (KIHASA), only the under-40 population was projected to drop among [...]