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Better Work Opportunities for Older Adults Would Benefit the South Korean Economy

by Sang-Hyop Lee, Cheol-Kon Park, and Andrew Mason

East-West Wire

Publisher: Honolulu, HI: East-West Center
Publication Date: 26 May 2020
Binding: electronic
Pages: 2
Free Download: PDF

 

Over the next 30 years, the share of South Korea's population age 65 and older is projected to grow from 15 to 40 percent. Given this extreme rate of population aging, Korean policymakers face two critical challenges—ensuring an adequate level of support for the elderly while maintaining robust economic growth. Keeping healthy older people in the labor force can help achieve both these goals.

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