Statistics Korea on Monday released data forecasting South Korea’s population of people aged 65 or older will exceed 10 million next year. It will be a 5.4% increase compared to this year and will mark an era in which 20% of the country’s population are senior citizens. South Korea’s elderly population broke the nine million mark for the first time in 2022. According to the United Nations, a super-aged society is where more than 20% of the population is 65 years and older.

On the other hand, the population of all other age groups is projected to shrink. Those aged