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 your access to all our features.
There are three plans available: Lite, Standard, and Premium.
Unlock your access
to all our features.
Standard plan includes:
-
Receive full archive access
-
Monthly research report via email and on KOREA PRO website
-
Submit requests for coverage
-
One year of access to NK News
-
One year of access to NK News Podcast
There are three plans available:
Lite, Standard and
Premium.
Explore which would be
the best one for you.
Subscribe now
© 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
