[Insight] South Korea stares down demographic dilemma

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[Insight] South Korea stares down demographic dilemma

whowireduniedit

2011.10.03 (16:32:19)

Gangnam Distric of Seoul.jpg

South Korea is not alone in facing a plummeting birth rate and rapidly ageing population -- neighbouring Japan and China, as well as much of Europe, face similar challenges.

But it is getting there at astonishing speed. Over 40 years, it has gone from having one of the highest birth rates in the Organisation for Economic Co-operation and Development (OECD) of advanced economies to the lowest, while life expectancy has surged.

By 2018, 14 percent of its population will be over 65, making it officially an "aged society." That is six years sooner than Japan and more than a century before France, according to the Samsung Economic Research Institute (SERI).

And by 2050 almost 40 percent of South Koreans will be senior citizens, likely the highest proportion in the world.

[Via] Reuters

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