South Korea’s Elderly Population Exceeds 20% for First Time
More than 11.25 million people are now 65 or older, and reforms have opened the market to institutional capital and rental senior housing.
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7 Articles
South Korea's Super-Aged Society Buoyed by Foreign Worker Uptick
The proportion of the working-age population (15–64) fell below 70% for the first time last year. Conversely, the proportion of the elderly population aged 65 and over exceeded 20% for the first time, making the demographic shifts caused by low birth rates and an aging population more pronounced. The total population increased slightly, driven by an increase in foreigners despite a decrease in the number of native residents. However, the pace of…
(Sejong = Yonhap News) Reporter Ahn Chae-won = Last year, South Korea's elderly population increased by more than 600,000 in one year, exceeding double the youth population.
South Korea has officially entered the stage of a super-aging society, with people aged 65 and over accounting for more than 20% of the population, amidst a continuing shrinking workforce and an all-time high in the number of single-person households.
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