But labor market for elderly Koreans is plagued by low-wages, lack of stability and few opportunities
In South Korea, elderly workers, legally defined as those aged 60 and up, are now projected to outnumber those in their 20s by the end of 2024, signaling a deep change in the country's demographic structure.
Currently, workers in their 20s constitute the largest segment of the workforce, accounting for 23%. However, they are closely followed by the senior population, who comprise a whopping 21%.
In South Korea, elderly workers, legally defined as those aged 60 and up, are now projected to outnumber those in their 20s by the end of 2024, signaling a deep change in the country's demographic structure.
Currently, workers in their 20s constitute the largest segment of the workforce, accounting for 23%. However, they are closely followed by the senior population, who comprise a whopping 21%.
Get your
KoreaPro
subscription today!
Unlock article access by becoming a KOREA PRO member today!
Unlock your access
to all our features.
Standard Annual plan includes:
-
Receive full archive access, full suite of newsletter products
-
Month in Review via email and the KOREA PRO website
-
Exclusive invites and priority access to member events
-
One year of access to NK News and NK News podcast
There are three plans available:
Lite, Standard and
Premium.
Explore which would be
the best one for you.
Explore membership options
© Korea Risk Group. All rights reserved.
No part of this content may be reproduced, distributed, or used for
commercial purposes without prior written permission from Korea Risk
Group.
SHARE
COPY LINK
X
MASTODON
