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Analysis South Korea’s eldercare crisis leaves families buckling under caregiving weightHigh costs and inadequate public support force families to shoulder the burden, leading to tragic consequences South Korea’s lack of comprehensive public eldercare services and the high costs of professional care services force many families to provide care themselves, resulting in significant financial strain and, in extreme cases, the murder of dependent elderly relatives. Kim Sang-hoe, a 65-year-old noodle shop owner from Seoul, exemplifies this struggle. He endured over a decade of financial and emotional hardship while caring for his elderly mother, who recently died from cancer in 2023. Kim spent approximately $2,200 (3 million won) monthly on day and night caregivers, in addition to medical expenses, to meet his mother’s constant care needs due © Korea Risk Group. All rights reserved. |





